Several models have been developed to predict financial difficulties and corporate bankruptcy. In this research various models were employed, including the Altman model (referred to as the Z-Score), the Springate model (known as the S-Score), the Zmijewski model (designated as the X-Score), and the Grover model (referred to as the G-Score). These techniques serve the purpose of evaluating the likelihood of encountering financial difficulties, which in turn determines the probability of PT Garuda Indonesia (Persero) Tbk going bankrupt. The study utilized secondary data sourced from financial statements spanning the years from 2020 to 2022. The application of the Altman model for bankruptcy prediction revealed that PT Garuda Indonesia (Persero), Tbk experienced financial distress throughout the period from 2020 to 2022. According to the Springate model, the company was in a state of distress and declared bankruptcy in 2020 and 2022, while 2021 fell into a grey area. The Zmijewski model indicated that the company was on the brink of bankruptcy, with financial difficulties and a potential risk of bankruptcy within the next three years. Grover's model predicted bankruptcy for the company in 2020 and 2022, but indicated safety in 2021. Notably, the Taffler model emerged as the most accurate in forecasting bankruptcy, boasting a 100% accuracy rate with no errors. Meanwhile, the Zmijewski model achieved an 81.25% accuracy rate with an error rate of 18.75%, and the Springate model exhibited the lowest accuracy in bankruptcy prediction, scoring only 12.50% accuracy with an error rate of 87.50%.

The aim of this research is to analyze the influence of government policies in the field of audit and financial audit infrastructure in improving the smoothness of the supply chain and its implications for financial management compliance in regional apparatus organizations (OPD) within the Serang City Government, Banten Province, Indonesia. The sample in this study was 225 respondents consisting of 19 from Regional Apparatus Organizations (OPD) within the Serang City Government. Sampling technique using technique purposive sampling. Data collected through questionnaires was then analyzed using SEM-PLS. The results of research and data analysis show that: Government Policy in the Audit Sector directly has a positive and significant effect on the smoothness of the Supply Chain; Financial Audit Infrastructure directly has a positive and significant effect on the smooth running of the Supply Chain; Government Policy in the Audit Sector directly has a positive and significant effect on Financial Management Compliance; The government's Financial Audit Infrastructure directly has a positive and significant effect on Financial Management Compliance; The smoothness of the Supply Chain directly has a positive and significant effect on Financial Management Compliance in Regional Apparatus Organizations (OPD) within the Serang City Government, Banten Province, Indonesia. The smoothness of the Supply Chain is able to partially mediate Government Policy in the Field of Audit and Financial Audit Infrastructure on Management Compliance in Regional Apparatus Organizations (OPD) within the Serang City Government, Banten Province, Indonesia.

The aim of this study is to determine if there is a relationship between the number of commissioners on the committee, ownership concentration, the Risk Management Committee, business size, and leverage on enterprise risk management. Take, for example, insurance companies listed on the Indonesia Stock Exchange. Purposeful sampling was used in the sampling process. Supplementary data was obtained from the website of the Indonesia Stock Exchange. Panel data regression analysis was used as the research method. Although business size had an effect on enterprise risk management transparency, board size, stake concentration, the risk management committee, and leverage had little effect. By integrating the variables Board of Commissioners Size and Ownership Concentration, as well as employing dynamic equation modeling to examine the above relationships, which have been overlooked in previous analyses, and analyzing more recent evidence from a developed world perspective, this study contributes to the management accounting literature and organization theory. The findings would be useful to Indonesian practitioners, especially those in management positions in insurance companies and financial institutions.