skip to main content


Audit & Assurance

We provide a wide range of audit and assurance services, including financial audit, forensic audit, compliance audit, financial operations, and more.



In an effort to provide guidance for the recognition, measurement, and disclosure of compensated absences, the Governmental Accounting Standards Board (GASB) has issued an exposure draft with proposed amendments to GASB Statement 16, Accounting for Compensated Absences. The exposure draft eliminates the complications regarding whether services rendered are contingent on an event being outside the control of the employer or employee. Under this proposed statement, a compensating absence liability should be recognized if the absence accumulates (i.e. can be carried over to future reporting periods), the absence is attributable to services rendered, and the absence is more likely than not to be either paid or settled through other means. The intent of the GASB is also to add clarity to the types of leave that should be accounted for as a compensated absence liability, such as vacation leave, sick leave, parental leave, sabbatical leave, etc. Proposed amendments to disclosure requirements under Statement 34 paragraph 119b include the option to disclose separate increases and decreases or the net change in the government’s compensated absence liability. For clarity, governments should state if the net change method is used. An exception was also made to paragraph 119d, which required governments to disclose which funds were used to liquidate the compensated absence liability. Proposed amendments in this statement are effective for periods beginning after December 15, 2022, and are to be applied retroactively or as a restatement of beginning net position for periods presented. Written comments in regards to this draft may be submitted through June 4, 2021.




Please complete this form to hear from one of our seasoned audit professionals


Hide Firm Disclaimer


UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

On this website, (i) the term "our firm", "we" and terms of similar import, denote the alternative practice structure conducted by UHY LLP and UHY Advisors, Inc. and its subsidiary entities, and (ii) the term "UHYI" denotes the UHY international network, in each case as more fully described in the preceding paragraph.