What is expected is a discussion centering on the fundamental requirements as described in the expectations document; A brief introduction / review of your chosen CAFR entity, For both the CAFR and CCR reports, discuss the focus of each report, what each document is trying to impart on its users, a brief review of the main sections of each (what is NOT expected is a fund-by-fund accounting of figures, performance, balances, etc), and who the intended users of each report actually are, and Discuss your thoughts on “why two reports?”