OCC Updates “Bank Accounting Advisory Series”

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

Changes to the BAAS include revisions made to reflect guidance in the FASB’s standards on hedging and credit losses.

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