Mumbai: BSR & Co., KPMG Sub-Sport in India, has resigned as an auditor for Medi to help TPA insurance.
Medi is the largest third party administrator (TPA), providing services to health insurance companies.
The audit company understood has a difference with the company, which leads to unchanged resignation.
MEDI Help is planning an IPO and has submitted a draft Red Herring Prospectus (DRHP) earlier this year.
The Names of BSR DRHP as legal auditors and have said that there has been no change over the past three years.
According to sources, the difference in the completion of the Company’s claim with a health care provider.
The source said that the company changed the payment process to accelerate the settlement during Covid pandemics, the auditor did not agree.
When contacted, KPMG said that it would not comment on the development.
A spokesman for Medi helped, in response to a query, said that in maintaining industrial practices, the company had adjusted its covid response to the new world that was unpredictable.
“As the largest landfill, we constantly enable business continuity and help our customers access high quality health services.
We have also been involved with leading audit companies and are in the process of completing their appointment formality.
This change does not have bearings on the company, performance or opportunity Its growth.
“The spokesman said.
In a letter of resignation, BSR & Co said that it had completed an audit for FY21 and issued an opinion on November 16, 2021.
“For reasons included in the ‘Basic for Opinion Discouration’ in our audit report, we have done an annual continuation process and, basis The assessment, we declare our inability to continue as a company’s legal auditor with direct effects.
“The source said that the company was in talks to appoint PWC license holders as their new internal auditor and also planned to appoint BDO as an external auditor.
Medi Help is the largest health benefit administrator in India.
In his DRHP, Medi Assist has said that he has a market share of 22-25% of the total collection of landfill revenues, and 44% of their profits.