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Delisting from U.S. Markets Lowers Audit Costs for British Airways

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British Airways delisted from the New York Stock Exchange last year. At the time, CNBC reported the company hoped the delisting would save approximately 10 million pounds, or $19.8 million per year.

 

According to an Accountancy Age piece published Thursday, the reports are in from year one, and British Airways has cut its audit costs by 30 percent. Last year, the company paid around 4.3 million pounds, or $8.5 million, in audit fees. This year, according to the annual report, the total came to only 3 million pounds, or $6 million.

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