You are a part of the team responsible for planning Sydney Airport Ltd's. (SYD) engagement for the audit of the 31st December 2020 financial statements. You have been assigned to gather relevant background information and write a report for a meeting with your audit partner and audit managers. Your report must address the following issues.

(1) On Tuesday 11th August 2020, SYD announced that it would raise $2 billion in new equity. How will this transaction affect your audit plan for SYD?