In this study, is evaluated the effect of surplus free cash flow on the relationship between board structure and earnings quality of listed companies in Tehran Stock Exchange. This study attempts to empirically examine the role of surplus free cash flow (SFCF) as a moderator on the relationship between board structure and earnings quality. The statistical society this study consisted of all companies listed on Tehran Stock Exchange during the period 2008 to 2012 that after applying the restrictions according to of the systematic write-off method were available the number of 110 companies as statistical sample. Financial data of companies surveyed, is extracted from the existing database inclusive software and Informational sites the Tehran Stock Exchange and for data analysis is used Eviews and Excel software. In this study, from multivariate regression to test the hypotheses is applied using hybrid data method. The results show that the hypothesis of the first, third and fifth of the relationship between board structure has a significant relationship with reported earnings quality. And the second and fourth hypotheses the effect of surplus free cash flow on the relationship between board structure (board size and board independence) there is a significant relationship with the earnings quality. But in the sixth hypothesis the effect of surplus free cash flow on the board structure (independence Chairman and CEO) and earnings quality is effective, will be rejected.
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