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120 - New Pronouncements <br />Comment Number: 3739 <br />The GASB has issued the following statements and implementation guides: <br /> <br />1. Statement No. 100, "Accounting Changes and Error Corrections—an amendment of GASB Statement No. 62." The <br />requirements of this Statement will take effect for financial statements starting with the fiscal year that ends June 30, 2024. <br />2. Statement No. 101, "Compensated Absences." The requirements of this Statement will take effect for financial statements <br />starting with the fiscal year that ends December 31, 2024. <br />3. Statement No. 102, "Certain Risk Disclosures." The requirements of this Statement will take effect for financial statements <br />starting with the fiscal year that ends June 30, 2025. <br />4. Implementation Guide No. 2023-1, "Implementation Guidance Update—2023." The requirements of this Implementation <br />Guide will take effect for financial statements starting with the fiscal year that ends June 30, 2024. <br />Earlier application of these statements and implementation guides is encouraged. For the original pronouncements and the <br />implementation guides, please visit the GASB’s website, www.gasb.org. <br />************ END OF COMMENTS FOR COA-2023-03940 ************