The ineffectiveness of corporate board of directors in discharging their responsibilities coupled with the escalation in financial scandals throughout the world has elevated a countless criticism about the Financial Reporting Quality. Owing to this, The Iraqi Securities Commission has emphasized the internalization of corporate governance culture, with a focus on responsibility and openness. This study examines the moderating role of enterprise risk management on the relationship between corporate governance effectiveness and financial reporting quality in Iraqi firms. Data were collected using a questionnaire and personally administered at random to collect the data from 125 respondents in the study area. For analysis purpose, Partial Least Squared Structural Equation Model (Smart PLS-3.0) was used and the results show that board size, board independence and board expertize are insignificant. Contrarily, audit committee size, audit committee independence and audit committee expertize positively and significantly relates to financial reporting quality. In addition, a significant and positive relationship between managerial was established. However, the results shows that no significant moderation effect of enterprise risk management on board of director‘s characteristics and financial reporting quality in Iraq firms. Moreover, the study shows a negative and significant impact of enterprise risk management on the relationship between audit committee characteristics and financial reporting quality. The results of this research have contributed significantly to the body of existing literature, provided a guide to managers and policies makers, and proffered suggestion for future research based on limitation of the study.
