Under what circumstances might a lender be prepared to accept financial statements from a business prepared under cash accounting rather than accrual accounting

When a public company is announcing its preliminary year end results in advance of publication of its full financial statements

When interim (e.g half yearly) financial statements are required to support a major new loan for a public company

When the business is small and it not required by applicable accounting standards to produce accrual based financial statements

When the business operates in the pharmaceutical section and is registered in North America