ASU 2025-12: A Deeper Dive Background In December 2025, the Financial Accounting Standards Board (“FASB” or “the Board”) finalized ASU 2025-12, Codification Improvements.[1] This ASU resulted from the FASB’s standing “evergreen” project begun in 2010 that addresses stakeholder suggestions for incremental improvements to U.S. generally accepted accounting principles (U.S. GAAP). The ASU codifies various improvements […]
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TSCPA sent a letter to the Secretary of the Department of Education Linda McMahon urging the department to update its language regarding accounting in the list of professional degrees. TSCPA suggests the Department revise the definition of “professional degree” in 34 CFR 685.102 or 34 CFR 668.2(b) of “Reimagining and Improving Student Education” (Document ID ED2025OPE0944) to either include “accounting” in the definition or retain
Collaboration will create pathways for students pursuing careers in accounting, finance, and business across Tennessee Nashville, TN – February xx, 2026 – NABA, Inc. and the Tennessee Society of Certified Public Accountants (TSCPA) today announced a strategic partnership to support the talent pipeline in accounting, finance, and business across Tennessee. The collaboration will coordinate efforts and