FIA undertakes independent audit to demonstrate good governance

International Automobile Federation (FIA) president Jean Todt has said that motorsport’s global governing body has engaged an independent audit company to demonstrate its governance is sound amid the problems currently being encountered by other sporting organisations.

Governance scandals and corruption crises are currently dominating the headlines, with world football’s governing body Fifa and the International Association of Athletics Federations (IAAF) making the news for the wrong reasons in recent months.

“Unfortunately some global sporting organisations have been facing some problems, and I can only be sorry for them,” Todt said, according to the Autosport website. “Am I comfortable about the way our organisation is structured and run? Yes, I am, and I am very proud of all the people involved with it.

“Saying that, I feel if you are aiming for excellence then you can always try to do better. I have asked a specific audit company to have a look at our organisation, and if they feel they can advise on some improvements, then I'm very happy to take them on board.”

Todt said that the matter was debated all the way up to senate level within the FIA before a decision was taken to proceed. “We are a very transparent organisation, and we are very happy to see if we can go to the next step, which I've tried to do since I was elected six years ago,” he added. “They are currently working with us, and we are expecting something from them in the coming weeks, but not any kind of revolution.

“All our accounts have been submitted to an audit company and they have already certified them. This is more about the governance, and even then we've modified the statutes over the last six years, and always to improve them, but it's an ongoing process."