Todt says no FIFA style money shenanigans in the FIA

FIA president Jean Todt has moved to distance Formula 1's governing body from the sort of headline grabbing scandals and financial irregularities that have gripped and tarnished the world of football.

FIFA president Sepp Blatter and and UEFA president Michel Platini were recently banned from the sport over accusations of criminal corruption.

So Todt, the FIA president, revealed that is why he has initiated an audit into the management of the world governing body of motor racing, even though he says he oversees a "very well structured and transparent" organisation.

"I am also proud of the people who work (for the FIA), but I feel that to achieve excellence you should always try to make things even better," he is quoted by the Spanish sports daily Marca.

"We are a transparent organisation, but I want to see if we can go even a step further in that respect. So I asked an auditor to take a look at our organisation, and if they notice something that can be improved, I will be very happy to hear their proposals," Todt added.