four eyes principle


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four eyes principle

n
the requirement that a business transaction be approved by at least two individuals
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Aside from direct collusion, employees may also be able to defeat the four eyes principle if there is poor password security within the bank.
The four eyes principle is a cornerstone of any quality system--GMP, Good Laboratory Practice (GLP) or International Organization for Standardization (ISO) 17025.
The four eyes principle - when a business deal has to be approved by at least two individuals - also makes an appearance.