Consider the following scenario: Katie has been asked to join the team responsible for designing the audit program for a new client, Garmin Industries Inc. (Garmin), a manufacturing and wholesaling firm. Garmin recently went public and is now listed on the NYSE. Katie has worked for the audit firm for a year and received a very high-performance rating from her supervisors on last year's audit of Bryant LLP (Bryant), a private firm that provides marketing and other consulting services. Garmin and Bryant have a total revenue of approximately the same amount, so Katie feels confident she can apply her knowledge to the new audit. She takes a copy of the audit program for Bryant along to the first meeting, intending to suggest they use it as the basis for the audit program for Garmin. Katie thinks the Garmin audit program could use the same substantive procedures that were used on the Bryant audit.

Discuss fully and specifically the problems with Katie's idea of using Bryant's audit program as the basis for designing substantive procedures for Garmin.