Judy Bailey is an experienced senior auditor in charge of several important audits for a mediumsized firm. Her philosophy of conducting audits is to ignore all permanent working papers and those from previous years until near the end of the audit as a means of avoiding prejudice. She believes this enables her to perform the audit in a more independent manner, because it eliminates the tendency of repeating the same things in the current audit that were done on previous audits. Near the end of the audit, Bailey reviews the working papers from the preceding year, evaluates the significance of any items she has overlooked, and modifies her evidence if she considers it necessary. Evaluate Bailey's approach to conducting an audit.