In May 2002, City Council approved an independent Auditor General’s Office for the City of Toronto. The Auditor General’s Office reports directly to Council through the Audit Committee, and as such is independent from management. As an independent office, the Auditor General submits an annual audit work plan to the Audit Committee for review and an annual budget for review and approval.
Consequently, this budget has been forwarded directly to the Audit Committee without a detailed review by the City’s Budget Division. This process was approved by City Council in 2001.
Detailed information relating to the 2005 budget is contained in the attached document, entitled “Annual Report and 2005 Budget – Auditor General’s Office.”