国有企业商誉泡沫问题分析及对策建议

Analysis on the Problem of Goodwill Bubble of State-owned Enterprises and Its Countermeasures

商誉泡沫是国有企业监管和审计中关注的重要问题。本文针对国有企业商誉泡沫问题,基于国有控股上市公司公开数据,分析了国有企业商誉的基本情况,并从商誉存量规模的潜在风险、商誉金额虚高、商誉减值准备延迟计提,以及商誉减值“财务洗澡”调节利润等方面剖析了商誉泡沫问题存在的风险。针对这些问题,从并购标的资产评估、商誉会计处理方式、商誉会计政策稳定性、外部监督不到位等方面分析了原因,并从审计角度提出了防范化解商誉泡沫问题风险的对策建议:推动进一步稳定和优化商誉会计政策;推动加强对国有企业高溢价并购行为的监管;推动商誉管理过程中企业、中介机构和监管机构各司其职;在国有企业审计中高度关注虚高商誉和商誉大幅减值等问题。

The goodwill bubble is an important concern in the regulation and audit of state-owned enterprises(SOEs).Aiming at solving the problem of goodwill bubble of SOEs,this paper analyzes the basic situation of goodwill based on the public data of SOE-controlled listed companies,and analyzes the risks of goodwill bubble from the potential risks of the accumulated goodwill,the fake high amount of goodwill,the delayed provision for goodwill impairment,and the goodwill impairment caused by"financial baths"for profits adjustment.In view of these problems,this paper analyzes the reasons from the aspects including the evaluation of the target assets of mergers and acquisitions,the accounting treatment of goodwill,the stability of goodwill accounting policies,and the lack of external supervision,and puts forward some countermeasures and suggestions to prevent and resolve the problem of goodwill bubble.The countermeasures include:to further stabilize and optimize goodwill accounting policies,to strengthen the supervision of SOEs'high premium mergers and acquisitions,to help enterprises,intermediaries and regulators to perform their respective duties in goodwill management,and to pay high attention to such issues as the fake high goodwill and the substantial impairment of goodwill in auditing SOEs.