The audit must be performed in accordance with generally accepted auditing standards and generally accepted governmental auditing standards (Yellow Book). The Comprehensive Annual Financial Report (CAFR) shall be prepared in accordance with GAAP. The Federal and State Compliance Report shall comply with OMB Circular A- 133 and the School Audit Manual prepared by Missouri Society for CPA's (MSCPA), and shall include all schedules requested by the State of Missouri on Federal programs which pass through the State. A sufficient level of detail must be provided in compliance with the Federal and State Compliance Report requirements. School site visits must be completed prior to the end of the school year, preferably by May 31st.