Assessing Financial Reporting Quality

In assessing the quality of financial reporting, several factors contribute to how transparent and reliable the reported information is. One key aspect is the adherence to widely accepted financial reporting standards. Consider the following statements about financial reporting quality:

Statement A: High-quality reporting typically reflects a company's strong adherence to the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Statement B: Reporting quality is solely determined by the timeliness of the financial statement releases.

Statement C: A company's reporting quality can be assessed by its consistency in applying accounting policies over time.

Based on the above statements, which option best represents the factors that contribute to financial reporting quality?