The Auditor General is responsible for carrying out financial (excluding external attest audit), operational, compliance, performance (value for money), forensic and other special reviews of all programs, activities and functions of City divisions and local boards (restricted definition), and the offices of the Mayor and members of Council.

External Attest Audits

The City of Toronto Act requires the appointment of an auditor licensed under the Public Accounting Act, 2004 who is responsible for annually auditing the accounts and transactions of the City and its agencies and corporations. The external auditor expresses an opinion on the financial statements of these bodies based on the audit in a report which is considered by Audit Committee and then City Council.

The Auditor General oversees the work of the external auditor and manages the process for awarding the contract to perform the audit. Currently, PriceWaterhouseCoopers has been engaged to conduct audits of financial statements of the City and its major agencies and corporations. Welch LLP has been engaged to provide external audit services to perform the financial statement audits for City Arenas, Community Centres and Miscellaneous Entities for the years 2013 to 2017 inclusive.