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For certain controls, such as segregation of duties, documentary evidence may not exist. An auditor would most likely test the procedures by:
Value
The importance, worth, or usefulness of something, often in terms of money, social benefits, or personal significance.
Shelter Principle
A legal rule in negotiable instruments law that allows a person who obtains a negotiable instrument under certain conditions to acquire greater rights than the transferor had.
Holder-In-Due-Course Status
is a legal status that protects a purchaser of debt when they acquire it for value, in good faith, and without notice of certain adverse claims or potential defenses.
Recover
The process of regaining possession or control of something lost or stolen, or obtaining compensation for a loss.
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