RESTATEMENT OF PT GARUDA INDONESIA’S FINANCIAL STATEMENTS IS CONSERVATIVE?

This research is a case study at PT Garuda Indonesia Tbk (PT GIAA). The motivation for conducting the was existence of GIAA's fi-nancial reporting in 2018 which revealed significant increase profit required GIAA to restate its financial statements 2019. analysis used descriptive and quantitative analysis. restatement state-ments has an impact on changes reported earnings, namely there are losses, adjustments accounts also cause some amounts recognized statements. On this basis, carried out determine level conservatism Based accrual conservatism, company still applies conserva-tism principles but period decreased. market value company's shares lower than book value, indicates that aggressive determining value. Even average stock return each year negative sharp decline occurred during confidence decreases when