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Three separate audits of CATS completed in the last year identify more than 30 shortcomings the organization is now scrambling to fix, impacting taxpayers and the people who rely on bus and light rail service.
India with its waves of engineering and accountancy graduates each year may be able to provide these services to ageing US and European countries for the foreseeable future.
Quantum Graphite says the accounting firm was responsible for a 14-month trading halt on its securities.
Ways to retain access to cash on the Isle of Man will be investigated, the enterprise minister says.