The announcement, made at the World Congress of Accountants in Rome, will be the first time that information about the most common fraud risks faced by government and public sector organisations has been brought together in one place.
Announcing the plan, CIPFA's chief executive Rob Whiteman said the institute would now work with partner organisations from across the world to collate the most common fraud risks faced by different states.
These various risk registers together into the first Global Fraud Risk Register to be published in 2015.
‘When fighting fraud, knowledge and understanding of the risks you face give you the power to act to prevent criminal activity and protect your organisation,’ Whiteman said.
‘CIPFA is committed to good public financial management across the world and as such is excited to be launching this new tool for the global public sector to contribute to and use.
The announcement comes after CIPFA announced the creation of a Counter Fraud Centre earlier this year, which will act as a centre of excellence on fraud, providing training and tools for counter-fraud professionals.