Want to work in Formula 1? Browse the latest F1 job vacancies<\/a><\/strong><\/p>\n\n\n\n\u201cThey said that the auditing process is still ongoing with regards to the cost cap, and it is scheduled to conclude in the coming weeks.<\/p>\n\n\n\n
\u201cAfter which there would be a period required for assessment and finalisation of review.<\/p>\n\n\n\n
\u201cThey are saying that there is no deadline submitted to the teams for them to gain certification for the cost cap.<\/p>\n\n\n\n
Slater also conveyed the FIA’s response to claims – that they had slowed down the process of cost cap investigations – as false.<\/p>\n\n\n\n
He remarked: “The FIA is telling me that any suggestion of a delay to the process because of more in-depth investigation this year – the FIA tell me there is no delay because of that.”<\/p>\n\n\n\n
Reports suggest that this ‘in-depth’ investigation would delve into whether some teams are using other projects to distract from the development of F1 cars.<\/p>\n\n\n\n
Slater added: “Also, talk of potential breaches, at this stage, is unfounded.\u201d<\/p>\n\n\n\n
The original report cited ‘rumours’ in the paddock that related to the finances of all 10 F1 teams – and if they matched the 2022 budget of $140m.<\/p>\n\n\n\n
The FIA had been turning up unannounced at factories to interview staff.<\/p>\n\n\n\n
It was aware that there was a loophole some teams may choose to exploit – hiding engineers in separate projects so they didn’t have to report their full expenses.<\/p>\n\n\n\n\n
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