The primary objective of the financial reporting is to solve the asymmetric problem of the information. In fact, financial reports provide a means for the managers to transfer the information about the performance of their company to the users of the financial statements. If financial reports are not flexible, the managers will have difficulty transferring the information about the company to the users of the financial statements. The audit committee is one of the important committees of the board of directors that plays an important role in the financial reporting process of the company. Regarding the controlling and validating role of the auditors and the existence of different quality levels of the audit institutes, on the one hand, and the existence of different motives and issues regarding the preparation and presentation of the information and financial reports by the administration, on the other hand, the present study investigated the impact of the of the audit committee effectiveness and audit quality on the quality of the financial reporting in the companies listed at Tehran Stock Exchange. The results of the study indicated that there is a significantly positive relationship between the indicators of the audit committee effectiveness and the quality of financial reporting, the indicators of the audit quality and the financial reporting quality, and between the characteristics of the board of directors (independence, independent board of directors, and number of sessions) and the quality of financial reporting.
