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{
    "id": 26391,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/26391/?format=api",
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    "content": "section 1 unless the financial position of the borrower over the medium-term is likely to be satisfactory. As an accountant, I have a problem with the word “likely”. A financial position need to be satisfactory. The word “likely” cannot be defined in any way. I can argue that the financial position is likely but to another person, it may not be likely. So, I think we need audit report guaranteeing the fact that the going concern of that entity is probable. So, if we are employing financial terms, let us use financial terms because this is not just a legal document but also a financial document because it is going to guarantee loans. So, the words like “likely to be satisfactory” need to be amended."
}