DNV assisted Frontline in the establishment of a new internal control regime, based on the requirements from the Sarbanes-Oxley Act.

The project included scoping, documentation of processes, risks, controls, test plans, tests, procedures, checklists, implementation of control environment and IT-general controls.

The Sarbanes-Oxley Act requires a very formal and strict approach to internal control over financial reporting which introduced many challenges for a dynamic organisation like Frontline. DNV contributed with its experience within risk management and process design to assist Frontline to establish a sustainable control system.

Date: 2006-08-25