OCC updates 2026 Bank Accounting Advisory Series

The Office of the Comptroller of the Currency released its annual update to the Bank Accounting Advisory Series (BAAS). The BAAS provides staff responses to frequently asked questions from the banking industry and bank examiners on a range of accounting topics. It promotes consistent application of accounting standards and regulatory reporting among national banks and federal savings associations.

This year’s edition of the BAAS reflects updates to accounting standards issued by the Financial Accounting Standards Board on topics such as purchased loans, government grants, and internal-use software.