Process conducted by auditors to confirm that a company's assets actually exist. This may be performed by one to several auditors that will take a company's books and confirm that each asset listed is accounted for. Some of these auditors may be specialists on the auditing of a specific type of asset, which helps prevent an auditor from having to account for assets that he/she does not know exactly how to verify. An auditor may examine financial records, contracts, and other policies to verify any asset that is not physically at the company.
Related information about physical verification:
- Physical verification - Wikipedia, the free encyclopedia
 Physical verification is a process whereby an IC layout design is checked via   EDA software tools to see if it meets certain criteria. Verification involves DRC ...
 
- Physical Verification - Mentor Graphics
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- Synopsys Physical Verification
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- Cadence Physical Verification System
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- Physical Verification | Skills | LinkedIn
 Physical verification is a process whereby an IC layout design is checked via   EDA software tools to see if it meets certain criteria. Verification involves DRC ...
 
- Nanometer physical verification - January 2005, by - Tayden Design
 The end result for physical verification is that larger ... below designs that pass   physical verification such as design rule checking (DRC) and layout vs.   schematic ...
 
- Physical Verification Tools | DRC LVS ERC
 Physical Verification Tools | Zeni is a high performance EDA tool, providing front   to back solutions for full custom analog and mixed signal IC design.
 
- Physical verification: Definition from Answers.com
 Observation, listing, counting, and measuring of the assets of a company, such as   inventory, fixed assets, cash on hand, stocks, or bonds.