【摘要】 安然事件使特殊目的实体(SPE)这一新的金融工具日益受到关注。SPE设立的真正目的是分散或转移风险、节约融资成本及合法避税,但是由于会计准则特别是合并报表规则上的漏洞,使SPE沦落为某些企业表外融资、隐藏债务的工具。文章分析了SPE真正的目的和性质,指出合并报表规则上的缺陷是如何导致SPE沦落的,同时以安然公司对SPE的利用为例探讨了对SPE的改进措施以及对我国的启示。更多还原

【Abstract】 Special Purpose Entity(SPE)has attracted attention because of the bankruptcy of Enron group. The true purpose of SPE is to distract from risk, to save the cost of financing and to avoid taxes legally,but on account of the shortcomings of consolidation rules,SPE has become means of off-balance sheet financing and hiding debt for some enterprises. This paper analyses the true purpose and nature of SPE,notes how the shortcomings of consolidation rules lead to corruption of SPE,and, furthermore,discuses the improvement on SPE and puts forward some suggestions to our country by analyzing how Enron group made use of SPE.更多还原