Given the importance of transparency and accuracy in financial reporting and the growing role of information technology in improving financial processes, examining the impact of information technology adoption and audit risk on the quality of financial reporting is highly necessary. Poor management of audit risk and insufficient use of modern technologies can lead to reduced accuracy, increased errors, and decreased stakeholders’ trust in financial information. This study aimed to investigate the effects of information technology adoption and audit risk on financial reporting, as well as the moderating role of audit risk in the relationship between information technology adoption and financial reporting. The study population included auditors from accredited auditing firms in the Stock Exchange, totaling 112 individuals. A simple random sampling method was used, and data were collected using a standard five-point Likert questionnaire during the first quarter of 2025. The collected data were coded and analyzed using SmartPLS software and the structural equation modeling (SEM) method. The findings indicated that information technology adoption has a positive and significant effect on the quality of financial reporting, enhancing transparency, reliability, and timeliness of financial information. Moreover, audit risk has a negative and significant effect on financial reporting, with higher risk leading to reduced quality and transparency of reports. Furthermore, audit risk plays a moderating role in the relationship between information technology adoption and financial reporting; when audit risk is low, the positive effect of information technology is strengthened, while in high-risk conditions, this effect is diminished. The results emphasize that adopting information technology alone is not sufficient, and managing audit risk is a crucial condition for improving the quality of financial reporting.