Manila, June 2 -- The Philippine Space Agency (PhilSA) received an unmodified opinion from the Commission on Audit (COA) for its 2024 financial statements, signifying that these were presented fairly and following the International Public Sector Accounting Standards (IPSAS), the agency announced on Monday.

COA's unmodified opinion is an affirmation of PhilSA's commitment to transparency, accountability, and sound financial management, it said.

"In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the PhilSA as at December 31, 2024, and its financial performance, cash flows, changes in net assets/equity and comparison of budget and actual amounts for the year then ended...