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Philip Toscano/PA Wire/Press Association Images

PWC brought in to investigate RSA claims and finance

The company, which suspended three executives last week, says the investigation will be “comprehensive”.

THE RSA GROUP, which last week suspended three of its executives, has appointed auditors PWC to carry out an investigation into their claims and finance operations.

On Friday it was revealed that CEO Philip Smith, CFO Rory O’Connor and Claims Director Peter Burke had been suspended after a routine audit found problems in the departments.

RSA, which owns and operates 123.ie, said in a statement that the PWC investigation will be “comprehensive”.

The review will focus on the financial and regulatory reporting processes at the company, RSA says.

Simon Lee, Group Chief Executive of RSA said that, while serious, the issues did not have a “material impact on the group”.

“We are extremely disappointed with the issues which have been identified and their financial impact on the Group. While the investigation is ongoing, I am confident that these issues are isolated to the Irish business.

No policyholders have been affected and all our Irish businesses continue to operate as normal.

“Nevertheless, we want to ensure that the actions being taken in Ireland and across the Group are correct and that all lessons are learnt. ”

Read: RSA Insurance executives suspended as firm announces €84m profit shortfall

Read: Newbridge Credit Union taken over by Permanent TSB

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20 Comments
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    Mute Eyepopper
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    Feb 4th 2016, 10:37 AM

    Well thats the final box ticked.

    My life is now complete.

    53
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    Mute Liam Byrne
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    Feb 4th 2016, 11:05 AM

    What are you going to do with yourself now?

    13
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    Mute Eyepopper
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    Feb 4th 2016, 11:47 AM

    I have a cure for cancer I’ve had on the back burner until I could complete Project Swift, I may give that another go, or I might wait around and wait for the latest breaking Justin Bieber news…. we’ll just have to wait and see.

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    Mute pbyrne
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    Feb 4th 2016, 11:56 AM

    Fair play

    3
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    Mute Anthony Byrne
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    Feb 4th 2016, 10:57 AM

    My God ! This is so completely and utterly banal and so totally unimportant and non – newsworthy , I almost can’t believe that even the journal.ie would run it as a story .

    18
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    Mute Andrew Nolan
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    Feb 4th 2016, 11:56 AM

    And yet you clicked….

    7
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    Mute Anthony Byrne
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    Feb 4th 2016, 1:33 PM

    She is extremely attractive. Of course I clicked.

    9
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    Mute Tom Burke
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    Feb 4th 2016, 11:03 AM

    I feel a big yawn coming on.

    15
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    Mute IrishGravyTrain
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    Feb 4th 2016, 10:26 AM

    Can’t wait. It will be a great day.

    13
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    Mute Liam Byrne
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    Feb 4th 2016, 11:04 AM

    Nothing says ‘credible musician’ like an official smart phone game.

    11
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    Mute Johnneary
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    Feb 4th 2016, 11:16 AM

    Kiddy sexualisation and exploitation profiteering at it’s most depraved.
    Whatever next?

    10
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    Mute Tordelback
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    Feb 4th 2016, 12:01 PM

    Taylor Swift is 26, and while undoubtedly trading in part on being glamorous and frank about her relationships, is hardly at the races when it comes to sexualisation. She seems like a pretty decent role model, if anything.

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    Mute Johnneary
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    Feb 4th 2016, 12:38 PM

    So signing to infants about flings and bedhopping is hip these days?
    not to mention Pornstar Kardashian.
    Like Cyrus,Lovato, she has her price.
    They are all just products of establishment propaganda.

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    Mute Tordel Back
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    Feb 4th 2016, 3:30 PM

    Rrrright, because pop music has *never* had any sexual content whatsoever, and kids singing along to pretty pop stars is a totally new thing. I think you need to review the last 60 or so years of popular culture if Swift is your problem.

    Kardashian, Cyrus, absolutely, unhealthy levels of sleaze (no idea who Lovato is). But Swift can write and sing a decent tune, seems to have a firm grip on her own career, and I certainly wouldn’t mind my daughter turning out like her.

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    Mute Alien8
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    Feb 4th 2016, 5:15 PM

    Johnny, I don’t think you know Swift’s market – when she was 16, she wrote songs for 16 year olds; when she was 18 she started to get into the serious stuff like her demographic; when she was 21 she started to write about getting the ride and what not, like her fanbase at that time.

    And for all her qualities, you would never consider Swift to be “sexy” like Cyrus tries to be, or Levato and the mini Kardashians are paid to be.

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    Mute Johnneary
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    Feb 4th 2016, 5:58 PM

    The brainwashing seems to be working.

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    Mute Charles Coughlan
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    Feb 4th 2016, 10:27 AM

    Who the hell is Taylor Swift

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    Mute John Pepper
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    Feb 4th 2016, 10:43 AM

    She’s the hot chick in the picture.

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    Mute Del Haven
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    Feb 4th 2016, 11:35 AM

    I believe it will not spell trouble for my free time nor my finances.

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    Mute Phil Clarke
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    Feb 4th 2016, 11:02 AM

    “News”

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    Mute The Girl
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    Feb 4th 2016, 10:43 AM

    There would be consumers for this …and not just 13 year old kids, some full grown men who love her….oh what a world..

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    Mute Free comment ratings
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    Feb 4th 2016, 10:53 AM

    I like her.

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    Mute Constance Ní Ghairbh
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    Feb 4th 2016, 12:24 PM

    Here’s hoping part of the game is to have a whirlwind relationship with Taylor and have it all crash down around you in an explosive break-up and a multi platinum album. #livingthedreamvirtually

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    Mute Brian Mc Mahon
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    Feb 4th 2016, 1:44 PM

    Look out for a game called DIG THAT GOLD it will be bigger than this

    1
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