Financial reporting quality relates to the quality of the information regarding the financial wellbeing of a firm that is contained in financial reports, including note disclosures. The quality of financial reporting determines, and depends upon, the value of accounting reporting and is scrutinized by external auditor.

Conceptually discuss the impact of the following factors related to the role of external auditor to improve financial reporting quality, comprising of:

QUESTION

a) Artificial Intelligence (5 0 0 w o r ds)

b) ESG (Environment, social, and governance) disclosure (5 0 0 w o r d s)