In Late Spring, you are advised of a new assignment as an in-charge internal auditor of your company of an 3 year recurring audit of the Manufacturing Division of your company. You are given the engagement letter for the audit and a list of three staff auditors assigned to this audit . It is your job to plan and supervise the field work for the engagement. Required: Discuss the necessary preparation and planning for the 3 year recurring audit of the Manufacturing division of your company. Include the sources you should consult, the type of information you should seek, the preliminary plans and preparation for the field work, and any actions you should take relative to the 3 staff assigned to you.