Pengaruh Pengungkapan, Regulasi dan Peringkat ESG terhadap Kualitas Pelaporan Keuangan: Sebuah Tinjauan Literatur

Adinda Tri Ameliasari; Ulfa Puspa Wanti Widodo

doi:10.62951/prosemnasieda.v3i2.216

Authors

Adinda Tri Ameliasari Universitas Pembangunan Veteran Jawa Timur
Ulfa Puspa Wanti Widodo Universitas Pembangunan Veteran Jawa Timur

DOI:

https://doi.org/10.62951/prosemnasieda.v3i2.216

Keywords:

ESG, Financial Reporting Quality, Internal Audit, Regulation, Sustainability Disclosure

Abstract

Global corporate reporting is experiencing a fundamental paradigm shift, transitioning from a focus on short-term financial indicators towards sustainability accountability encompassing Environmental, Social, and Governance (ESG) aspects. The intersection between ESG and accounting reporting frequently triggers academic debate regarding whether sustainability commitments truly encourage transparent financial reporting, or if they are vulnerable to being abused by agents to conceal poor performance. Responding to this phenomenon, this research aims to analyze and synthesize recent empirical findings regarding the impact of ESG disclosure, regulation, and ratings on Financial Reporting Quality (FRQ). Utilizing a qualitative approach with a literature review method, this study dissects five main anchor studies at global and national scales through comparative and descriptive analysis techniques. The synthesized literature results demonstrate that ESG disclosure intensity positively correlates with enhanced FRQ, as it significantly reduces financial distress costs and mitigates earnings manipulation motivations. Furthermore, the transition from voluntary reporting towards mandatory regulation is proven to discipline the comprehensive reporting process and close loopholes for greenwashing practices. Based on its components, social pillar performance is found to be the most dominant factor in predicting future cash flows because it reflects a robust internal corporate ethical culture. The conclusion emphasizes that optimal financial reporting quality requires a strong two-way synergy between external sustainability compliance instruments and the rigorous effectiveness of internal audit supervision from within the company's core operations, to support long-term business stability.

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