Maker-checker (or Maker and Checker, or 4-Eyes) is one of the central principles of
authorization in the
information systems of financial organizations. The principle of maker and checker means that for each
transaction
Transaction or transactional may refer to:
Commerce
* Financial transaction, an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment
*Debits and credits in a Double-entry bookkeeping sys ...
, there must be at least two individuals necessary for its completion. While one individual may create a transaction, the other individual should be involved in confirmation/authorization of the same. Here the segregation of duties play an important role. In this way, strict control is kept over system software and data, keeping in mind functional division of labor between all classes of employees.
References
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Accounting
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