The Bureau of Fisheries and Aquatic Resources (BFAR) has secured the Commission on Audit’s Unmodified Audit Opinion, the highest audit rating, for the fourth consecutive year, according to a report by Philstar Biz.
The Unmodified Audit Opinion indicates that BFAR’s financial statements are presented fairly, in all material respects, in accordance with generally accepted accounting principles. This marks a sustained achievement for the agency, which has consistently maintained transparent and accountable financial management.
The recognition underscores BFAR’s commitment to sound fiscal governance amid its mandate to manage the country’s fisheries and aquatic resources. The agency continues to implement programs aimed at sustainable development and food security.