Posted On: 12/28/2016 6:27:32 PM
Post# of 51857
On 1 October 2013, the IOR published its first ever annual report.
[73] The annual report is available for download on the Institute's homepage which was launched in July 2013.[74] The report's figures were audited by the global accounting firm KPMG.[75] According to the report, the Institute in 2012 had a net profit of €86.6 million, of which it has transferred €54.7 million to the budget of the Holy See to help the pope carry out the church’s global mission. Both measures - the annual report's publication and the launch of the website - were reviewed as remarkable signs of enhanced transparency and compliance: The Guardian called the website launch a "giant leap"[74] and Reuters named it a "transparency drive".[
[73] The annual report is available for download on the Institute's homepage which was launched in July 2013.[74] The report's figures were audited by the global accounting firm KPMG.[75] According to the report, the Institute in 2012 had a net profit of €86.6 million, of which it has transferred €54.7 million to the budget of the Holy See to help the pope carry out the church’s global mission. Both measures - the annual report's publication and the launch of the website - were reviewed as remarkable signs of enhanced transparency and compliance: The Guardian called the website launch a "giant leap"[74] and Reuters named it a "transparency drive".[
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