GASB streamlines guidance on compensated absences with unified model
GASB has issued guidance on compensated absences, enhancing recognition and measurement requirements and refining related disclosure requirements. The guidance updates how state and local governments process paid leave benefits for their employees. The new requirements are effective for fiscal years beginning after Dec. 15, 2023. Earlier implementation is encouraged.
6 areas CFOs should support to build business resilience
These elements of resiliency are key to your organization’s success.