4. A. Explain how the purpose of statistical sampling in tests of monetary values differs from the purpose of statistical sampling in tests of control activities.

B. Discuss a situation within Payroll or Accounts Payable where data analytics could be used by an Internal Auditor. Briefly describe the information to be analyzed and what potential results would be expected? (i.e., How would the population of data be defined? What controls are being tested? What additional testing beyond data analytics, if any, would be required to reach an audit conclusion?).