Clients occasionally enter into loan agreements that require them to provide the ________ with a report from a CPA about the existence or nonexistence of some condition.

Question

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The term "lender" refers to an individual or institution that loans money to a borrower. In some loan agreements, the lender may require the borrower to obtain a report from a CPA about a specific condition, such as the existence of certain assets or liabilities. This report helps the lender assess the borrower's financial situation and determine how likely they are to repay the loan.

Clients Occasionally Enter into Loan Agreements That Require Them to Provide