four eyes principle


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four eyes principle

n
the requirement that a business transaction be approved by at least two individuals
References in periodicals archive ?
After verification of the completed review of business materials, "four eyes principle" the audit leading to the finalization and transfer.
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.