Tennessee CPA Journal

TSCPA Journal

The Tennessee CPA Journal is TSCPA’s flagship publication. Published bimonthly, this technical journal keeps TSCPA members informed about the latest issues and events occurring in the accounting profession while paying special attention to matters within our state. The January/February and March/April issues are offered in a digital-only format, while the May/June, July/August, September/October and November/December issues are available in print or digital formats.

TSCPA is always accepting manuscript submissions. Find the submission guidelineshere.

Journal Exams

The journal features a self-study exam offering convenient CPE and is complimentary to all TSCPA members. Once you add an exam to your account, you can find it on your profile page under "Registered On-Demand Learning." Click the yellow "Take Exam" button to take the exam.

Available Journal Exams:

Read the Tennessee CPA Journal on your desktop or mobile device!

There's more to love with our digital version! Receive each issue in your inbox with the online desktop version. Experience interactive links, embedded videos and more! Click or scan the QR code to manage your preferences.

March/April 2026 Tennessee CPA Journal

Download the Issue In this issue: Private Equity Versus ESOP Ownership in CPA Firms: Two Roads to Capital, Growth and Control AI in Accounting: From Risk to Revenue Are you Prepared for the Cost of a Data Security Incident ASU 2025-12: A Deeper Dive AI's Boom and the Impact on Stagflation 2026 Day on the Hill Recap IRS Compliance and…

Private Equity Versus ESOP Ownership in CPA Firms: Two Roads to Capital, Growth and Control

March 24, 2026 Tennessee CPA Journal
Private Equity Versus ESOP Ownership in CPA Firms: Two Roads to Capital, Growth and Control By Gary Thomson, Thomson Consulting In the past few years, CPA firm ownership conversations have shifted from routine to genuinely engaging—maybe not “exhilarating,” but certainly more complex and consequential than before. What once felt like a narrow set of choices now looks more like an…

March 24, 2026 Tennessee CPA Journal
Are you prepared for the cost of a data security incident? Responding to a data security incident is typically more extensive, complex and expensive than you might expect. Is your firm prepared? By Sarah Beckett Ference, CPA, Risk Control Director, CNA Another day, another cyber incident. One does not have to search hard to find a news headline about the latest…

AI’s Boom and the Impact on Stagflation

March 24, 2026 Tennessee CPA Journal
AI’s Boom and the Impact on Stagflation Journal readers know that I have repeatedly warned that we are in a 1970s style stagflationary period - defined as stagnant economic growth with high inflation. I formulated my thesis prior to the massive data center spending binge, so it makes sense to revisit the outlook with that in mind. Here I will…

ASU 2025-12: A Deeper Dive

March 24, 2026 Tennessee CPA Journal
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 related to “technical corrections, unintended…

January/February 2026 Tennessee CPA Journal

In this issue: How Practical Skill-Building Programs Are Reshaping Professional Growth The Importance of the PCAOB's Section 2 Rules: Implications for Current PCAOB-Registered Firms Trump Accounts: New IRS Guidance on a New Retirement Account for Children What Job Postings Reveal About the Future of Accounting and the Impacts of AI A&A - Cash Is King! A Focus on the Statement…
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