Progress report obligations require liquidators to file timely quarterly reports detailing liquidation progress, accounts, fees and litigation. Liquidators must file Progress Reports in the Board-prescribed format to the Adjudicating Authority and the Board within fifteen days after each quarter-end (and upon cessation covering the quarter to date), containing appointment and cessation of professionals, liquidation progress (stakeholder settlement, property realizations and distributions), fee and expense details, material litigation and avoidance application developments, changes in estimated liquidation costs, a receipts-and-payments account for the quarter and cumulative period, and a statement of any material change in expected realizations with its basis; audited accounts for the fourth quarter must accompany the annual report or cessation report as applicable.