The biennial audit should be conducted in accordance with audit standards and requirements stipulated in KRS 65A.030 and should conform to the generally accepted auditing standards (GAAS) as promulgated by the American Institute of Certified Public Accountants; Government Auditing Standards (1994 Revision) as issued by the Comptroller General of the United States; and Compliance Supplement of OMB Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations” and the general provisions of OMB Circular A-133. Audits should be conducted by the successful contractor at the district office and at a mutually agreed time (between the successful contractor and the Kentucky Conservation or Watershed Conservancy District).