Audit & Accounting

Ceterus, a Charleston, S.C., firm that provides managed bookkeeping and tax services for quick-service restaurants, has acquired Sandwich Math, an accounting and bookkeeping firm that focuses on sandwich restaurant franchises.

BDO reported Thursday its global revenues grew 8 percent to $8.1 billion in fiscal year 2017 across its network of firms as its headcount grew 9.04 percent.

Steinhoff International Holdings NV plunged after its chief executive officer resigned amid accounting irregularities, rocking a company that’s rapidly expanded from its roots in South Africa into a retail empire spanning Australia, Europe and the U.S.

The profession will need to adapt much more quickly to technology and other disrupters than it has in the past.

The cloud-based OnPoint software will help firms with preparation, compilation and review engagements.

Accounting standard-setters are tweaking the rules for the standards taking effect in the next few years, according to officials.

Young professionals from across the state took part in the annual meeting focused on sharing best practices.

The Securities and Exchange Commission has charged the auditing firm Anton & Chia and several of its officials with fraud, accusing the Newport Beach, Calif.-based firm of conducting flawed audits and reviews of financial statements while violating securities laws.

Officials with the Securities and Exchange Commission are keeping a close watch on how companies are adjusting to the new revenue recognition and leasing standards.

The Public Company Accounting Oversight Board has released staff guidance on the new audit reporting standard and is hosting webinars to help auditors with preparing the new reports.