Income reported by companies is an important financial information that is considered when deciding individuals .Financial analysts consider the reported profit to be a major factor in their own financial statements and judgments. Profit fluctuations are an important criterion for the company's overall risk, and companies with a more sophisticated, less risky interest. On the other hand, more confidence can lead to a false decision. The present study has studied the reliability and risk appetite of steel industry managers' decisions on profit smoothing. In terms of purpose-based categorization, it has been applied in a descriptive-correlational manner. The statistical population of the research includes all financial employees with a ten-year experience in the steel complexes of the country. The research tool was
standard and researcher-made questionnaires, and according to the conditionalization of the statistical population, all subjects were included in the study, after removing the distorted versions or including incomplete answers, 145 copies of the collected questionnaires were included in the analysis. The validity of the research tool was calculated using face-to-face validity, content, and confirmatory factor analysis and its reliability was calculated through Cronbach's alpha. In order to analyze the data, structural equation modeling using Smart PLS software was used. The results of the information analysis show the effect of the more reliable dimensions of steel industry executives on the smoothing of profits with different intensity; So that the coefficient of T-statistic estimated by the directors' authority on 95% confidence smoothing the profit is equal to -0.818 with a reverse relationship and strong spectral intensity, but the effect of the risk appetite of contingency decisions of steel industry executives on profit smoothing, With a coefficient of 0.830, the result is ineffective. Also, exploitation and the likelihood of steel industry managers have a fairly strong spectral effect on the smoothing of profits, but their self-assertion on profit smoothing has had a weak spectral effect.