特殊目的实体(SPE)被视为安然公司破产的“罪魁祸首”,并因此“声名狼藉”。然而,SPE并非都是作假的帮凶,这些实体原本是发起人用来分散或转移风险、降低融资成本以及合法避税的工具,但由于会计处理上存在着漏洞,这些实体逐渐成为某些企业进行表外融资、隐藏债务的秘密武器。从 SPE is considered the “culprit” for Enron’s bankruptcy and is therefore “notorious.” However, not all SPEs are accomplices to fraud, and these entities were originally the instruments used by sponsors to diversify or transfer risks, reduce financing costs and avoid tax evasion. However, due to the existence of loopholes in accounting treatment, these entities gradually became the targets of some enterprises Outside financing, hidden weapons hidden debt. From