Formula 1

FIA being audited by independent company – Todt

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FIA President Jean Todt has revealed that his corporation have brought in an independent audit company to prove that they are doing everything correctly and transparently in light of the recent controversies in football and athletics.

Speaking at the Autosport International Show at the Birmingham NEC, Todt revealed that he has been happy with how the organisation is being run since he took over the presidential role six years ago, and admits his pride of the people within the FIA.

“Unfortunately some global sporting organisations have been facing some problems, and I can only be sorry for them,” said Todt. “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.”

Despite believing in the structure and personnel within the FIA, Todt admits the organisation would take on board any ideas proposed by the auditing company, especially if it helps improve the way they operate.

“We felt the need to ask an audit expert company to address the situation and to be able to highlight the way we are structured,” said Todt. “Maybe we will be given some proposals due to their expertise, and I’m happy to take them on board.

“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.

“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.”

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