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Generally Accepted Accounting Procedures › Banks › Banking Sector

Generally Accepted Accounting Principles (GAAP) are accounting standards and procedures that are used by companies within a particular jurisdiction to prepare financial records and statements. These principles... more +
Generally Accepted Accounting Principles (GAAP) are accounting standards and procedures that are used by companies within a particular jurisdiction to prepare financial records and statements. These principles are intended to create consistency in documentation across companies and industries. Consistent documentation assists investors to better analyze potential investments and assists regulators to detect potential fraud and/or wrongdoing. less -
Orrick, Herrington & Sutcliffe LLP

OCC releases updated Bank Accounting Advisory Series

Orrick, Herrington & Sutcliffe LLP on

On August 15, the OCC released its annual update to the Bank Accounting Advisory Series (BAAS). The BAAS is an ongoing series that addresses a range of accounting topics relevant to national banks and federal savings...more

Alston & Bird

Fed Seeks Comments on Proposed Rules for Its Controlling-Influence Framework

Alston & Bird on

It’s been more than a decade since the Federal Reserve Board last issued guidance on banks’ controlling influence on their equity investments. Our Financial Services & Products Group reviews the Fed’s control framework and...more

Katten Muchin Rosenman LLP

OCC Announces Update to Accounting Interpretations On TDRs, OREO and Pushdown Accounting

Katten Muchin Rosenman LLP on

On September 29, the Office of the Comptroller of the Currency (OCC) released an update to the Bank Accounting Advisory Series (BAAS). The BAAS covers a variety of topics and promotes consistent application of accounting...more

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