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On August 14, 2026, the Office of the Comptroller of the Currency (OCC) released its annual update to the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on accounting topics, promoting consistent application of accounting standards and regulatory reporting among national banks and federal savings associations. The August 2026 edition reflects updates to accounting standards issued by the Financial Accounting Standards Board (FASB) on purchased loans, government grants, and internal-use software. The BAAS provides the OCC Office of the Chief Accountant's interpretations of generally accepted accounting principles and regulatory guidance based on specific facts and circumstances. The series does not constitute OCC rules or regulations but rather offers non-binding guidance to assist institutions in their accounting practices and compliance efforts. National banks and federal savings associations should review the updated BAAS to understand how recent accounting standard changes apply to their operations and financial reporting. The guidance addresses practical accounting questions that examiners and banking industry participants frequently raise, helping institutions maintain consistent accounting practices across the sector. The updated series is available on the OCC website and serves as a reference resource for both regulated institutions and OCC examination staff. REFERENCES: Office of the Comptroller of the Currency. "Bank Accounting Advisory Series Updated." News Release 2026-68, August 14, 2026. https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-68-bank-accounting-advisory-series-updated.html