Four-eye principle

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Contents 1 Four-eye Principle 1.1 Definition from "BusinessFinance" 1.2 Purpose 1.3 See also 1.4 References

[edit] Four-eye Principle

The 4-eye principle aims at making impossible for a single person to complete alone a given transaction.

The execution of a 4-eye secured transaction requires 2 "sub-transactions" to be performed consecutively by 2 different persons; the 2 sub-transactions are bound in a way that the person performing the first of these sub-transaction is NOT allowed to perform the second one, and vice-versa.

[edit] Definition from "BusinessFinance"

The four-eye principle "means that all business decisions and transactions need approval from the CEO and CFO. Since the CFO isn't reporting to the CEO, there is an independent controlling mechanism in place." ^[1]

[edit] Purpose

The purpose of the four-eye principle is to ensure companies are complying with their policies.

[edit] See also

• Segregation of duties

[edit] References