Britain delays reform of company audits until early 2020

LONDON (Reuters) - Britain will wait until early next year before implementing root-and-branch reform of auditing, a government minister said on Tuesday, dismissing claims of "drift".The collapse of retailer BHS and construction company Carillion prompted two reviews into the quality of audits in Britain.The first from John Kingman proposed a new accounting regulator to replace the Financial Reporting Council (FRC) that currently oversees the industry.A second from the Competition and Markets..