Fiesta Bowl officials will meet later this month with the NCAA subcommittee in charge of licensing bowl games.
Fiesta Bowl spokesman Andrew Bagnato confirmed the April 28 meeting in New Orleans, which will coincide with the Bowl Championship Series meetings.
Dennis Poppe, NCAA vice president of baseball and football, told The Arizona Republic on Tuesday that the Fiesta Bowl had been invited to meet with the 11-member group.
He told the newspaper the Fiesta could potentially have its four-year license revoked, though in the past licenses had only been revoked because of financial or attendance problems.
The meeting is in response to a report commissioned by the Arizona-based game that led to the firing of its longtime president for alleged misuse of funds.
"We look forward to meeting with the NCAA to answer any questions about the Special Committee report, and to discuss the new bylaws, policies and controls that the board of directors has put in place to prevent the activities described in the report from occurring again," the Fiesta Bowl said in a statement.
The BCS has also formed a task force which will meet with the Fiesta Bowl and help determine if it wants to keep doing business with the game.
The Fiesta Bowl is one of four high-profile games - along with the Rose, Orange and Sugar bowls - that hosts the BCS national championship once every four seasons.