Motorsport's governing body, the FIA, has brought in an independent auditor in an attempt to show all its dealings are above board.
In recent months, the governing bodies of football and athletics have come under intense scrutiny, with allegations of corruption throwing both sports into turmoil.
And under the FIA's jurisdiction, complaints from Formula One teams Force India and Sauber about an "unfair and unlawful" allocation of funds led to the European Union promising to look into the claims.
Subsequently, the FIA has decided on an independent audit to prove it is operating within the rules.
"Unfortunately some global sporting organisations have been facing some problems, and I can only be sorry for them," said FIA president Jean Todt at Autosport International.
"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.
"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.
"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."