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. Below are the question that i need to answer:

(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?

*****attached are the summary of the transaction*****

Offer Summary The Offer is now closed. On 11 August 2020, Sydney Airport Limited (ACN 165 056 360) and The Trust Company (Sydney Airport) Limited (ACN 115 967 087) as responsible entity for Sydney Airport Trust 1 (ARSN 099 597 921) (Sydney Airport) announced a 1 for 5.15 pro rata accelerated renounceable entitlement offer (with retail entitlements trading) of new stapled securities in Sydney Airport (New Securities) at an issue price of A$4.56 (Offer Price) per New Security to raise approximately A$2 billion (Entitlement Offer). The Entitlement Offer comprises an accelerated institutional component (Institutional Entitlement Offer), and a retail component (Retail Entitlement Offer). The Retail Entitlement Offer is renounceable and therefore you may be able to sell all or some of your Retail Entitlements on ASX through your broker or transfer your Retail Entitlements directly to another person. Retail Entitlements may be traded on ASX from Friday, 14 August 2020 (on a deferred settlement basis) and Wednesday, 19 August 2020 (on a normal settlement basis) to Wednesday, 26 August 2020 (ASX code: SYDR) (Retail Entitlement Trading Period). The Retail Entitlement Offer is open from Tuesday, 18 August 2020 to 5.00pm (AEST) on Wednesday, 2 September 2020 (Retail Entitlement Offer Period)