WIPO has to present a Program and Budget plan in every two years. The document is sent to the Member States for their approval. This Program and Budget plan contains performance measures, particulars of the objectives and budget planning of all the events of the organization. The organization is basically self-financing and a major part of the finance is spent on Organization events. The remaining 10 percent is spent on revenue from the events of the contributing States. The wings of Internal Audit and Oversight Division together with an Audit Committee and External Auditor help in proper functions of WIPO. These help in smooth functions of the organization and help in carrying out the events. | WIPO has to present a Program and Budget plan in every two years. The document is sent to the Member States for their approval. This Program and Budget plan contains performance measures, particulars of the objectives and budget planning of all the events of the organization. The organization is basically self-financing and a major part of the finance is spent on Organization events. The remaining 10 percent is spent on revenue from the events of the contributing States. The wings of Internal Audit and Oversight Division together with an Audit Committee and External Auditor help in proper functions of WIPO. These help in smooth functions of the organization and help in carrying out the events. |