EAM's allow auditors to identify significant transactions for substantive testing.

Question

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Enterprise Asset Management (EAM) systems can help auditors identify significant transactions for substantive testing by providing a centralized and comprehensive view of an organization's assets, operations, and financial transactions. Through data analysis and reporting capabilities, auditors can quickly identify high-risk transactions and focus their testing efforts on those areas that are most likely to have material misstatements.

EAM's Allow Auditors to Identify Significant Transactions for Substantive Testing