The Office of the Comptroller of the Currency released its annual update to the Bank Accounting Advisory Series (BAAS), its compilation of staff responses to frequently asked accounting questions intended to support consistent application of accounting standards and regulatory reporting by national banks and federal savings associations. The updated BAAS revises certain content for general clarity and removes questions that are no longer relevant, while leaving unchanged the prior conclusions and interpretations of the OCC Office of the Chief Accountant. The OCC also reiterates that the BAAS is not a set of OCC rules or regulations, but reflects the Office of the Chief Accountant’s interpretations of generally accepted accounting principles and regulatory guidance based on the facts and circumstances presented.
Office of the Comptroller of the Currency 2025-08-15
Office of the Comptroller of the Currency updates Bank Accounting Advisory Series with clarifications and removal of outdated questions
The Office of the Comptroller of the Currency released its annual update to the Bank Accounting Advisory Series, revising content for clarity and removing outdated questions. The update maintains previous conclusions and interpretations by the Office of the Chief Accountant. The BAAS reflects interpretations of generally accepted accounting principles and regulatory guidance, not OCC rules or regulations.