Answer question in 300 to 500 words

Overview

Question:

1. Principles-based systems rely more on professional judgment, whereas rules-based systems emphasize strict compliance. Discuss this distinction with evidence from empirical studies and academic research.

Of course this question is part of an accounting assignment but I just need this question answered. use sourced with intext citation and APA 7 references. I need the this ASAP. 300 to 500 words well written and answered correct