BA claims move from New York Stock Exchange has saved it £10m
British Airways has cut 30% from its audit bill after pulling out of the US stock exchange and dropping Sarbanes-Oxley compliance.
BA’s annual report showed it paid Ernst & Young just over £3m compared with more than £4.3m in the previous financial year.
Breakdowns showed the £1.27m BA paid out for ‘other services pursuant to legislation’ in 2007 were primarily down to Sarbox work.
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