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Where did the market shut, where will it open tomorrow?' You lose touch with reality if you're trading in the market day in, day out, he says, and he is convinced things would be very different if for every, say, £5 million trade a broker had to hand over a stack of bills worth that amount – physically count it out and hand it over.
"Nobody has paid any attention or put real value on it for about 30 years".Although auditors cannot hope to verify more than a tiny fraction of the millions of transactions their clients conduct, in order to comply with the standards they physically count inventories, match invoices with shipments and bank statements, and consult experts on the plausibility of management's estimates.
Another approach is to physically count the number of people moving past a particular point along the moving crowd's route - but how do you account for the people who join the procession at a later location, or for the people who pass by on more than one occasion?
In the last week, the agency has come under intense scrutiny because of a policy that required jail staff to physically count inmates just twice each day.
Similar(56)
In the Cash table, they enter the number of bills and coins that have been physically counted.
The study, which involved police community support officers (PCSOs) physically counting virtually every camera in Cheshire, provides the first reliable estimate of how saturated with CCTV the UK has become.
In this one respect the first election of the 21st century works exactly as it did in the 19th: placing a vote in a box and physically counting the results.
There was no such recount in Iowa: the results changed as individual precincts double-checked their accounting of the results, but there was no process of physically counting the ballots a second time.
Physically counting and validating inventory is generally very time-consuming and hence expensive.
Nanoplate concentration in different samples was determined by physically counting the number of nanoplates out of 100 particles in the field of view via TEM imaging.
Traffic volume was either physically counted or estimated through a spatial extrapolation method used by the IDOT (AADT was assigned based on surrounding AADT values or AADT values of similar road types and numbers of lanes).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com