Accounting: Bank Accounting Advisory Series Updated
Why this matters
This is an informational bulletin announcing the 2026 edition of the Bank Accounting Advisory Series (BAAS), which the OCC explicitly states does not represent rules or regulations but rather interpretive guidance on accounting standards. The update reflects incorporation of existing FASB standards on purchased loans, government grants, and internal-use software. While applicable to all national banks and federal savings associations, it is advisory in nature with no new compliance deadlines or binding obligations. The rescission of the prior 2025 edition is routine administrative succession. This qualifies as a routine update with limited practical impact beyond clarifying existing standards application.
AI-generated classification rationale, not a full analysis. Verify with the original OCC source before acting. Full disclaimer.
What the OCC said
The OCC has issued the 2026 edition of the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics and promotes consistent application of accounting standards and regulatory reporting among…
Extract from OCC . Read the full notice at the source for the authoritative text.
Context
Office of the Comptroller of the Currency (OCC) — Charters and supervises US national banks and federal savings associations. We track 49 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under Reporting & Disclosure and Banking & Credit.