Author(s): Ali Rkein, Hussin J Hejase, Hassan I Rkein, Hassan Fayyad-Kazan, Ale J Hejase
This study aims to investigate the extent banks’ clients depend on financial information provided by the auditors based on banks’ financial statements and to what extent these financial statements are influencing their investment decisions as well as dealing with banks. This research is quantitative. Primary data were collected using a structured questionnaire distributed initially to 150 clients from various Lebanese banks. Data were then analyzed using the SPSS version 23 statistical program. Descriptive as well as inferential statistics were performed with Correlational and Chi-square for independency testing as well as analysis of variance (ANOVA) method. Findings show that 87.5% of the holders of bank accounts trust the bank’s financial statement’s information; following the economic downturn in Lebanon, bank account holders are more likely to study bank’s financial statements, and account holder’s investment decision is not impacted by the bank’s financial statements results.