Here's one way to stay out of hell:
The Vatican appointed its first auditor-general on Friday in Pope Francis' latest move aimed at ensuring transparency in the scandal-plagued finances at the headquarters of the Roman Catholic Church.A statement said the pope, who has made cleaning up finances a major plank of his papacy, had chosen Libero Milone, a 66-year-old Italian who is a former chairman and CEO of the global auditing firm Deloitte in Italy.Cardinal George Pell, head of the Vatican's Secretariat for the Economy, has said the auditor-general will be autonomous, answerable only to the pope and free to "go anywhere and everywhere" in the Vatican to review the finances and management of any department.
Britain’s top accountants are to have their own books scrutinised after the consumer watchdog referred the business of checking companies’ figures for a full-scale competition inquiry. The Office of Fair Trading (OFT) said it had been concerned for some time that the audit market is highly concentrated with low levels of switching and substantial barriers to entry. The watchdog estimates that in 2010 the “big four” firms, PwC, KPMG, Deloitte and Ernst & Young, earned 99% of audit fees paid by FTSE 100 companies, while between 2002 and 2010 only 2.3% of FTSE 100 firms changed their auditor. [