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How will the transaction affect audit plan for syd

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Reference no: EM132704908

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:

Problem (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?

Reference no: EM132704908

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