GASB Releases Proposal on Compensated Absences
March 4, 2021
The GASB has issued an exposure draft (ED), Compensated Absences. The ED addresses “circumstances under which governments would be required to recognize a liability for compensated absences and proposes guidance for measuring that liability.” Comments on the ED are due by June 4, 2021.
For more information, see the press release on the GASB’s Web site.