الفهرس 
The Framework of The ResearchOnly 14 pages are availabe for public view
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Abstract
Financial statement notes are supplemental notes that are added to the published financial statements of a bank. The notes are used to explain further the numbers included in the financial statements, as well as the accounting policies adopted by the company. Banks produce financial statements that provide information about their financial position and performance. This information is used by a wide range of stakeholders in making economic decisions.
Auditors use the financial statement notes to determine how the adopted accounting policies impact the report results and the actual position of the company. Auditor’s response to clients’ engagement risk is related to readability of financial statements. The potential reactions of auditors include increasing audit report lag and financial risk disclosure.
Knechel et al., (2009) argue that audit report lags are related to the amount of work performed in the audit engagement. For this purpose, in case of existence of less readability in financial reports, we expect a greater lag in the audit reporting process. Financial statement notes cover main financial statements, accounting policy descriptions, financial notes, plans and descriptive issues.
2. Research problem:
Readability of financial statement notes are one of the main problems faced by many users. Delay in auditing procedure has increased the time pressure for auditors to enhance the efficiency of accounting information presentation and lead to many problems such as, report lag and financial risk disclosure.
The issuance of external audit report represents an added value for users so any delays on issuing his report will lead to lose its benefit and therefore effects on quality of timeliness of accounting information, banks reputation and users decisions.
This study investigates auditor’s response to audit quality related to readability and interpreting of financial statement notes.
The main question of this study is: What is the impact of the Auditor’s response to the readability and interpreting of financial statement notes on audit quality?
Other sub questions can be extended through the following:
1- What is the effect of potential delays when performing assurance services on readability and interpreting of financial statement notes?
2- What is the effect of financial risk disclosure on readability and interpreting of financial statement notes?
3- What is the effect of external auditors’ response on readability and interpreting of financial statement notes?
4- How audit quality will be affected by auditors’ response to readability and interpreting financial statements notes?
3 Research Objective:
The main objective of this study is the impact of Auditors’ response to readability and interpreting of financial statement notes on audit quality.
To reach this objective it can be through the following sub objectives which are:
1- To determine the effect of potential delays when performing assurance services on readability and interpreting of financial statement notes.
2- To examine the effect of financial risk disclosure on readability and interpreting of notes.
3- To show the effect of external auditors’ response on readability and interpreting of financial statement notes.
4- To determine the effect of auditors’ response to readability and interpreting financial statements notes on audit quality.
4. Research Importance:
The scarcity of studies related to the auditor’s response to readability and interpreting of financial statements notes in the Egyptian environment as well as importance in the banking sector in Egypt for boosting the country’s economy and boosting public confidence in its effectiveness, which requires studying reasons of delaying in issuing the auditor’s report due to not adhere to Egyptian standards.
Given the complexity and systemic risks associated with banks, auditors should follow the most stringent rules for independence under these standards, auditors should have abundant knowledge and high competence in the banking field to identify material misstatement in the bank’s financial statements.
The main question of this study is: What is the impact of the Auditor’s response to the readability and interpreting of financial statement notes on audit quality?
Other sub questions can be extended through the following:
1- What is the effect of potential delays when performing assurance services on readability?
2- What is the effect of financial risk disclosure on readability?
3- What is the effect of external auditors’ response on readability and interpreting of financial statement notes?
4- How audit quality will be affected by auditors’ response to readability and interpreting financial statements notes?
5. Research Hypotheses
As the objective of the research to study measuring the impact of auditor’s response to readability and interpreting of financial statement notes on audit quality, in banking sector.