Global fraud risk register

Grants, money laundering and payroll are high risk areas for fraud across the world. Moore Stephens and CIPFA recently surveyed their network partners across the globe to seek practitioners’ expertise and opinions on how they perceive fraud risk within their respective countries and sectors.  

Respondents were asked to consider 18 different types of fraud and bribery risk within their country and sector, scoring them from 1 (low risk) to 5 (high risk). Across all 37 participating countries,  grants, money laundering and payroll emerge as the top three high-risk areas. In contrast, fraud associated with expenses is generally considered to be relatively low risk.