The purpose of this study is to examine the effect of quality of financial reporting on information asymmetry. The population of this study is manufacturing companies listed on the BEI in 2015. Independent variables in this study are value relevance, conservatism and timeliness. While the dependent variable is information asymmetry. Sampling was done by purposive sampling method. The result of the research shows that Timeliness have a significant effect and have a positive effect on information asymmetry. Relevance of value has no significant effect and positively affect the information asymmetry while conservatism has no significant effect and negatively affect the information asymmetry.