Section 4031 - Audit; report to General Assembly(a) Audits.--The IOLTA fund, administered by the board, shall be audited annually. These audits shall be performed in accordance with generally accepted auditing standards by independent certified public accountants.(b) Report to General Assembly.--The board shall make an annual report to the Supreme Court, the Governor, the President of the Pennsylvania Bar Association, both houses of the General Assembly and the Chairman of the Board of Pennsylvania Legal Services Corporation on the status of the IOLTA fund, reflecting the number of eligible clients served, the number and status of all audits, investigations and hearings conducted pursuant to section 9(g) , the attorney participation rate and the development of the program. A summary of the findings of the audit shall be included in this report.1988, April 29, P.L. 373, No. 59, § 11, effective in 6 months.