OCC Releases 2019 Bank Accounting Advisory Services

In August 2019, the Office of the Comptroller of the Currency (OCC) released the annual update to the Bank Accounting Advisory Series (BAAS). This document covers a variety of topics and accounting issues to help aid financial institutions appropriately apply accounting and regulatory guidance. The 2019 edition includes Accounting Standard Updates issued by FASB up through March 31, 2019, which is a valuable resource when dealing with questions surrounding nonaccrual loans, other real estate owned, the allowance for loan loss, troubled debt restructurings, as well as many other areas.

Click here to view the 2019 BASS.