Parramatta Eels chief executive John Boulous has vowed to assist the NRL with its salary cap investigation into the club.
The NRL is investigating the Eels over alleged systematic breaching of salary cap rules.
In a statement on Sunday, Boulous said the reports were being taken "very seriously" as he promised an internal review.
"We have commenced an internal investigation and are also fully committed to assisting the NRL," he said.
"To ensure the integrity of these investigations we will not be commenting on the specifics at this stage.
"In my time as CEO and under the direction of the board, the club has acted in good faith with the NRL, and we have overhauled and dramatically improved the club's governance.
"We have done this with the assistance of PricewaterhouseCoopers, which made 117 recommendations for reforming the culture of the club.
"To date, all 52 mandatory recommendations have been implemented under the agreed plan with the NRL. Other non-mandatory recommendations are also in the process of being implemented."
Boulous said the Eels had established a salary cap review committee, engaged a consultant and implemented a forecasting model for future seasons among other introductions.
The Eels won their first game of the NRL season with a shock 20-16 victory over the North Queensland Cowboys on Saturday.