During the audit of a new client, you uncover an accounting policy stating that all purchases of equipment or other items under $1,000 will be expensed, regardless of their nature. When you ask the controller about this policy, she says it is a practical way of handling items that are not material. She indicates that the policy saves a tremendous amount of work because the items are not inventoried, capitalized, or depreciated. How would the existence of such a policy affect the audit?