2018 Annual Report - Demonstrating the Value of the Auditor General’s Office

The Auditor General's Office calculates the return on every dollar invested in the Office by comparing the ratio of five-year audit costs to the cumulative estimated five-year realized savings. Since 2014, total one-time and projected five-year cost savings and revenue increases are approximately $303.7 million. The cumulative costs of operating the Auditor General's Office since 2014 were approximately $25.9 million. For every $1 invested in the Auditor General's Office, the return on investment was approximately $11.7. The identification of cost savings and increased revenue is only one component of the Auditor General's mandate. Equally important is the ongoing evaluation of governance, risk management and internal controls. However, the benefits resulting from these audits are not easily quantified in financial terms.