World Intellectual Property Organization

Finance Services

The Finance Division is responsible for the management of WIPO’s financial accounting and reporting, treasury management and compliance with financial policies and procedures.

Included within these responsibilities are the management of the Organization’s cash position, production of statutory financial reports and other financial information, and coordination with oversight and financial control activities such as external and internal audit, the Independent Advisory Oversight Committee (IAOC) and the Joint Inspection Unit (JIU).

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Management

What we are trying to achieve

Our expected results in 2014/15 are:

  • Effective, efficient, quality and customer-oriented support services both to internal clients and to external stakeholders.
  • A smooth functioning Secretariat with a well-managed and appropriately skilled workforce which is effectively delivering results.
  • An enabling working environment supported by an effective regulatory framework and appropriate channels to address staff concerns.

These contribute to WIPO's Strategic Goal IX: "an efficient administrative and financial support structure to enable WIPO to deliver its programs."

What we do

    Our activities include:

  • The Income Section provides support to WIPO's sectors, accounting for the incoming payments received in relation to WIPO's activities, as well as offering services to customers such as current account facilities and credit card online settlements.
  • The Expenditures Section is primarily responsible for accurately reflecting the expenditures of the organization. This includes the correct accounting and reporting of key activities related to meetings and inter-office vouchers, invoices and pay and entitlements.
  • The Treasury Section is responsible for managing the organization’s liquid assets and for the financial aspects of its extra-budgetary resources (Funds-in-Trust), as well as the reconciliation of all balance sheet accounts. The Section is further responsible for the financial aspects of WIPO’s contributions, UPOV and the WIPO Closed Pension Fund. 

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