The end product of the accounting process is financial reporting, which has been associated with challenges in recent years. In order to increase the quality of accounting information for nearly half a century, financial regulators have sought to refer to the position of the audit committee because the audit committee has played a key role in controlling financial activities as a liaison between information providers and auditors. In addition, the corporate governance system considers the independence of the members of the board of directors as another influential factor in the quality of financial reporting. Therefore, the purpose of this study is to investigate the relationship between the quality of the audit committee and the quality of financial reporting with emphasis on the independence of the board. To achieve the research goals and hypotheses, the statistical population including two different samples with 114 companies for the period 2013-2019 was examined. The Kasnik (1999) model was used to measure the quality of financial reporting. Criteria used to assess the quality of the audit committee include the independence of the committee members, the financial expertise of the committee chair, and the financial expertise of the committee members. The independence of the board of directors was also measured by dividing the non-executive members by the total number of board members. To test the hypotheses, regression analysis was used using Stata software. In this study, two main hypotheses were proposed and the results showed that only the independence of the audit committee members from the quality of the audit committee can be directly related to the quality of financial reporting.