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 pages 80 - 83 of the SYD 2019 Annual Report, the auditor discusses three key audit matters. Develop three new key audit matters, for the 2020 audit, and write three additional key audit matters paragraphs in the same format, listing both the key audit matter and how the auditor should deal with the matter. Do not include key audit matters associated with the $2 billion equity raising in this section.