The public guardian, as the guardian of a ward, shall file:

1. (a)
   an initial report as required by law;
2. (b)
   annual guardianship reports, which shall include the dates of quarterly visits to the ward, as required by law;
3. (c)
   a report within 6 months of his or her appointment as guardian of a ward, which shall also be filed with the executive director of the Office of Public and Professional Guardians, stating:

   1. (1)
      the public guardian’s efforts to locate a family member or friend, other person, bank, or corporation to act as guardian of the ward; and
   2. (2)
      the ward’s potential to be restored to capacity;
4. (d)
   an annual report, filed with the Office of Public and Professional Guardians, by September 1 for the preceding fiscal year, on the operations of the office of public guardian; and
5. (e)
   a report of an independent audit by a qualified certified public accountant, to be filed with the Office of Public and Professional Guardians every 2 years.