physical verification

physical verification
The *examination of a *tangible asset in order to obtain evidence of its existence and condition. The term is often used synonymously with *physical inspection. See also Verification.

Auditor's dictionary. 2014.

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  • physical verification — A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory. Bloomberg Financial Dictionary …   Financial and business terms

  • Verification — The word Verify And Verification can refer to:* Verification and Validation: In engineering or a quality management system, verification is the act of reviewing, inspecting, testing, etc. to establish and document that a product, service, or… …   Wikipedia

  • verification — An *examination of an activity or asset in order to obtain evidence of its existence, condition, or truth. Verification is an important *substantive test to obtain *audit evidence: Depending on the...circumstances, verification takes place… …   Auditor's dictionary

  • physical inspection — The careful *examination of a *tangible asset. Physical inspection is an important means of gathering and *evaluating *audit evidence for inventory, *property plant, and equipment, and other assets. It is a form of *substantive testing. The term… …   Auditor's dictionary

  • physical science — physical scientist. 1. any of the natural sciences dealing with inanimate matter or with energy, as physics, chemistry, and astronomy. 2. these sciences collectively. [1835 45] * * * Introduction       the systematic study of the inorganic world …   Universalium

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  • Physical design (electronics) — In electronics, physical design is the process of converting RTL (VHDL/Verilog) code to silicon.Modern day Integrated Circuit (IC) design is split up into Front end design using HDL s , Verification and Back end Design or Physical Design . The… …   Wikipedia

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