CIPFA, the professional body for people in public finance, will work with partner organisations from around the world to collate the most common fraud risks that government and public sector organisations are facing today.
The final list formed will be the inaugural Global Fraud Risk Register, scheduled for publication in 2015.
Speaking on Tuesday at the World Congress of Accountants meeting in Rome, where the Global Fraud Risk Register initiative was launched, CIPFA's chief executive Rob Whiteman said: “CIPFA is committed to good public financial management across the world and as such are excited to be launching this new tool for the global public sector to contribute to and use.”
He continued: "This new Global Fraud Risk Register will help protect precious public resources from criminals and fraud and will be an asset to all public bodies wherever they are based."