Cricket South Africa (CSA) have issued a statement welcoming any independent inquiry into its finances following the alleged misappropriation of 68 million Rand.
CSA maintain that the money in question was used to finance the 2009 Indian Premier League, which was hosted in South Africa, on behalf of the Indian board (BCCI).
"We would welcome such an inquiry," CSA vice-president AK Khan said.
"We have every confidence that any such inquiry will find our finances to be in good order and in line with sound financial practices.
"We have said this all along. When our financial figures for the current year are audited and revealed at the annual meeting people will see how healthy our finances are and realize what a good job our CEO, Gerald Majola, and his management team are doing to provide the basis on which we can finance all our programmes, particularly on the development front, which are so vital to make cricket a truly national sport."
Ahead of an inquiry by the South African Sports Confederation and Olympic Committee (SASCOM), Majola has instructed the committee to be given the necessary financial information, the statement added.