Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 409. Audit of securities deposited with State Treasurer

(a) The Auditor General, through such agents as he may select, shall perform an annual audit of the bonds, stocks, mortgages or other securities, which are deposited with the State Treasurer in whatever capacity, and shall audit the books in which a record is kept of such bonds, stocks, mortgages or other securities, and, for this purpose, the Auditor General may employ such consultants, experts, accountants or investigators as he may deem advisable.  The audit may be conducted independently or as part of any other annual audit or audits conducted by the Auditor General.

(b) The State Treasurer shall, whenever demand is made upon him by the Auditor General, submit for the audit of the Auditor General, or his agents, all records in his possession relating to such bonds, stocks, mortgages or other securities, including such records in the possession of any custodian or subcustodian engaged by him regarding such securities, and his failure so to do shall disqualify him from holding the office of State Treasurer.