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OCC updates its Bank Accounting Advisory Series

  • Report document — Deloitte green Image

Aug 18, 2017

The Office of the Comptroller of the Currency (OCC) has updated its Bank Accounting Advisory Series (BAAS). The BAAS provides “views on accounting topics relevant to national banks and federal savings associations (collectively, bank or institutions, unless otherwise specified).”

The 2017 edition was updated for FASB standards related to recognition and measurement of financial statements, leases, and revenue recognition and includes frequently asked questions from the industry and examiners.

For more information, see the press release and 2017 BAAS on the OCC’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.