Part b 1. You have recently been appointed external auditor of the entity. You are assisting your Audit Manager in planning for the audit of the entity's financial statements. 2. You have accepted the appointment and communicated your decision to the client in the engagement letter. The audit fee is $320,000. 3. You are required to download the 2019 annual report published by the following entity: Babylon Pump and Power Limited www.babylonpumpandpower.com 4. Using information from the relevant chapters of the textbook, conduct specified audit tasks to assist your Audit Manager. The audit tasks are set out below. Required With reference to relevant chapters of the textbook, prepare a document for your Audit Manager. Your document must include the followings