Four Eyes Principle is a widely used internal control mechanism that requires any activity by an individual within an organization that involves material risk profile to be controlled, reviewed, and double-checked by a second individual who is independent and competent. The objective of this control is to mitigate risks primarily of two types: business execution and internal fraud. The principle is also known as the two-person rule. The implementation of this control is relatively simple in document-based approval processes, and it requires adding qualified persons in the approval list and requiring double/multiple signatures. More stringent forms of this control may require that no sensitive operation can be performed without the simultaneous presence of two people (Dual Control) .
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