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Physical Verification

   Also found in: Wikipedia 0.01 sec.
Physical verification
A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory.

Physical Verification
A practice in which an auditor ensures that the inventory recorded on a company's statements is correct by actually inspecting and counting the inventory.


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Magma's is the first truly scalable physical verification solution, able to provide turnaround time that is up to an order of magnitude faster than existing solutions.
In particular, the Commission wants guarantees that "within a reasonable timespan", all nuclear materials stored in the pool at Sellafield would be "properly accounted for by BNFL", and that the pool site would be made fully accessible to EU inspectors "for the purposes of physical verification by safety inspectors".
Additionally, incremental verification is implemented, which can result in a 5-10X speedup in the overall physical verification task while achieving a significant savings in memory.
 
 
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