(Vatican Radio) The presidency of the Administration of the Patrimony of the Holy
See (APSA) has announced a new supervisory board and a review to be conducted by an
independent firm.The APSA is the office of the Roman Curia that handles the properties,
real and personal, of the Holy See, in order to provide the funds necessary for the
Holy See to function. Below, please find Vatican Radio's translation of the statement
from the APSA
In implementation of the presented this past July to the Council
of Cardinals for the Study of Organizational and Economic Problems of the Holy See
in the report of the Consultors of the Administration of the Patrimony of the Apostolic
See (APSA), it appeared appropriate to review the functions of Consultors themselves
through the creation of a “Supervisory Board” of the APSA’s Extraordinary Section,
for which the same Consultors have given their availability. As is known, the Administration
of the Patrimony of the Apostolic See - Extraordinary Section has the exclusive function
of administering its own personal property and personal property entrusted to it by
other agencies of the Holy See. In addition, on October 15, the process of Due
Diligence on economic and financial position of the two sections of the APSA , ordinary
and extraordinary, began, headed by Promontory Financial Group. The result of the
review will allow for greater depth and detail in the verification of the financial
condition and management of the APSA. The initiative was launched along with the Referent
Pontifical Commission for the Study and Address of the economic structure and administrative
organization of the Holy See, which will have the data of the review available, so
as to enable it to formulate, within scope of its mandate, appropriate proposals to
promote efficiency and transparency of the same APSA.