please solve this question as soon as possible. thank you

9:52 Assignment Details ACCT404_03SP20 SENIOR SEMINAR IN AC. Jan 29 at 07PM Submission Types File Upload Allowable File Types doc, docx, txt, pdf Submission & Rubric Description Mandatory reporting in the form of the annual report with audited financial statements has been used by incorporated entities since the mid 19th century. Discuss if this mode of reporting is still relevant in modern times and can this be substituted by quarterly or semi- annual reports (on an audited basis). Discuss why these alternatives may be possible today and why they have not been incorporated as requirements by the standard-setters. Your 2 -3 page report (1" margin all-around, 11 pt Times Roman font, double-spaced) is due on or before January 29,7 pm. Submit Assignment 9:52 Assignment Details ACCT404_03SP20 SENIOR SEMINAR IN AC. Jan 29 at 07PM Submission Types File Upload Allowable File Types doc, docx, txt, pdf Submission & Rubric Description Mandatory reporting in the form of the annual report with audited financial statements has been used by incorporated entities since the mid 19th century. Discuss if this mode of reporting is still relevant in modern times and can this be substituted by quarterly or semi- annual reports (on an audited basis). Discuss why these alternatives may be possible today and why they have not been incorporated as requirements by the standard-setters. Your 2 -3 page report (1" margin all-around, 11 pt Times Roman font, double-spaced) is due on or before January 29,7 pm. Submit Assignment