The graduate auditor Felix, has prepared the following information about Key Audit Matters. You've been asked to review their work and provide feedback. Are each of the KAMs below appropriate to be included in the KAM portion of the report? Are there any errors in the KAMs? Are there any KAMs missing that should be included? If so, describe.

Key Audit Matter 1: There is significant complication in auditing right of use assets because some may be finance leases and others may be operating leases. Therefore the audit team must determine what lease type is appropriate by reading the contracts carefully and we are not lawyers.

Key Audit Matter 2: Debts are large and therefore a material component of the audit and required extra audit attention because of the large number of documents and calculations that were required.

Key Audit Matter 3: In auditing intangible assets, the auditors applied ASA 560 and reviewed the client's methods, assumptions and data in calculating any impairment charges to intangible assets. Merivale has purchased a number of inner city pubs and hotels during COVID19