IOR’s financial statements are first approved by the IOR Monitoring Committee after being certified by Mazars International, a group of Italian accounting experts.
Mary Teresa: Vatican
The Religious Affairs Agency (IOR), commonly known as the Vatican Bank, released its tenth annual financial report on Tuesday, June 07.
According to a report released by IOR on IAS-IFRS International Accounting Standards for the financial year 2021, gross profit for the year is estimated at கோ 81 trillion.
The report was first certified by the Italian audit committee of Mazars International, and then unanimously approved by the IOR Monitoring Committee. It was later reported that it had also been sent to the Cardinals Task Force for consideration.
The increase in investment under IOR’s management is said to indicate that clients are being invested in accordance with their social principles and complying with the company’s legal regulations.