Jennifer Bailey is an experienced senior auditor who is in charge of several important audits for a medium-sized firm. Her philosophy of conducting audits is to ignore all previous years' and permanent working papers until near the end of the audit as a means of keeping from prejudicing herself. She believes this enables her to perform the audit in a more independent manner because it eliminates the tendency of simply doing 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.