OCC Updates Bank Accounting Advisory Series

The Office of the Comptroller of the Currency (OCC) has released an updated edition of its Bank Accounting Advisory Series, which reflects guidance issued by the FASB through March 31, 2022, particularly Accounting Standards Update No. 2022-02, Financial Instruments — Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.

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