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Please use the three-step approach to analyse the following ethics-related issues using APES 110 and Corporations Act 2001. An audit senior, John Smith, is in

Please use the three-step approach to analyse the following ethics-related issues using APES 110 and Corporations Act 2001.

An audit senior, John Smith, is in the engagement team of ABC Bank, and he also has a mortgage account with the bank worth $500,000. John is paying an interest of 2.2% to the bank. The current market prevailing interest rate is between 1.9% and 2.3%. (5 marks)

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