2007 Reports of the Auditor General of Canada
A May 2007 report of the Auditor General of Toronto:
"for every $1 invested in the audit process the return on this investment has been $5.02."Auditor Generals have extensive powers when it comes to studying spending, programs and policies. Virtually nothing can stand in their way. When it comes to the actual reporting though, the only power they have is that what politicians fear most - public exposure.
The reports are presented in open council, in full view of the public. Reports can't be suppressed, altered or otherwise impeded by anyone. There would be no need to rely on external auditors from the Ministry of Municipal Affairs like we are with the Windsor Utilities Commission.
Debacles of the past like the Cleary, Canderel, MFP, recent projects like the Tunnel Ventilation Building, 400 City Hall Square and ongoing projects such as the Arena would all be subject to the critical eye of an independent Auditor General. No spin, no inflation or otherwise adjusted numbers to confuse, simply the cold hard facts of how your tax dollars are being managed or mis-managed.