Published May 14, 2021, 12:13 PM The Intellectual Property Office of the Philippines (IPOPHL) received from the Commission on Audit (COA) an “unqualified/unmodified opinion” for its financial records last year, its 8th year for best auditing mark, which can only be achieved if an entity’s financial statements are free from “material misstatements.” COA’s Independent Auditor’s (IA) Report for IPOPHL covering fiscal year 2020 said the office’s financial statements “present fairly, in all material respects” that its financial position, financial performance, cash flows, changes in net assets/equity, comparison between budget and actual amounts for the year, and notes to financial statements are in accordance with International Public Sector Accounting Standards.