Define: Approval Authority

Approval Authority
Approval Authority
What is the dictionary definition of Approval Authority?
Dictionary Definition of Approval Authority

Approval Authority refers to an individual or group of individuals who have the power and responsibility to approve or reject a decision, action, or request. This authority is typically granted based on the individual’s position, expertise, or level of responsibility within an organisation. The Approval Authority is responsible for ensuring that all decisions and actions are in compliance with established policies, procedures, and regulations. They may also be responsible for providing guidance and direction to others within the organisation regarding the approval process.

Full Definition Of Approval Authority

Approval authority refers to the individual or entity that has the power to grant approval for a particular action, decision, or transaction. This authority is typically granted through a formal delegation of power or through the organisation’s governing documents. The approval authority is responsible for reviewing the relevant information, assessing the potential risks and benefits, and making a decision on whether to approve or deny the request. It is important for organisations to clearly define and communicate the approval authority for different types of actions to ensure proper governance and accountability.

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This glossary post was last updated: 29th March 2024.

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