Vatican Hires International Consulting Firm to Help Reform Finances

EY will help Pope Francis in his effort to reform the Vatican's finances.

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The Vatican said Monday that it has hired consulting firm Ernst & Young to help review its finances as Pope Francis’ pushes forward with reforms.

The global consulting firm, now formally known as EY, will help “verify and consult” the institution’s administration, including the museums, post office and tax-free department store, the Vatican said. The U.S. based Promontory Financial Group was previously tasked with overhauling the Vatican’s bank and the group that oversees the Vatican’s real estate holdings, the Associated Press reports.

The Vatican acted on a recommendation from a commission—which included an EY employee—that Pope Francis charged with finding ways to cut waste and improve transparency.