Greenfields Company Limited ("Greenfields") specializes in manufacturing printing equipment. The founder, Mr. Lee, is a gentleman who is engaged in the business for more than 20 years. Greenfields provides warranty services to its customers. It guarantees its products for two years and if problems arise in this period it undertakes to fix them, or provide a replacement product. The warranty provision in the balance sheet of Greenfields as at 31 December 2022 is material. Greenfields owns a residential apartment above its head office. Until 31 March 2022 it was rented for $25,000 (market rent) a month to a tenant. Since 1 April 2022 it has been rented to the Chief Executive Director of Greenfields at the same rent. Greenfields has grown rapidly over the last few years and planed to expand its business overseas. Greenfields' management engaged a consultant (one of the shareholders) as the company's advisor over the expansion plan and paid HK $100,000 in 2022. You are the manager in charge of auditing the Greenfields's financial statements for the year ended 31 December 2022. Required: 1. Describe six specific audit procedures required in respect to the reasonableness of the warranty provision. Which auditing and accounting standards should the audit team refer to? 2. From the above information, identify the related party transaction(s) of Greenfields and suggest six specific audit procedures on the related party transactions your team should perform