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OCC updates "Bank Accounting Advisory Series"

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Aug 26, 2016

The Office of the Comptroller of the Currency (OCC) has updated its "Bank Accounting Advisory Series" (BAAS), which “expresses the office’s views on accounting topics relevant to national banks and federal savings associations.”

The August 2016 update of the BAAS contains revisions related to the following topics:

  • Contingencies.
  • Fair value accounting.
  • Deferred taxes.
  • Transfers of financial assets and servicing.
  • Acquisitions.

For more information, see the BAAS update on the OCC’s Web site

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