< Abstract> The Enron collapse in the UnitedStates will bring about a far-reaching and sig-nificant reform on the accounting system focus-ing on audit independence and accountingsupervision. The article focuses on the auditindependence issues in the United States. First,it summarizes issues concerning independence,then analyzes two reforms intended to strengthenindependence, namely, the separation of auditand management consultation, and periodic ro-tation of auditors. At last, it discusses the stand-point of the SEC.
