More demands are being placed on accounting reporting related to new mandates around ESG reporting, risk management, and supply chain management. Key accounting standards and rules to watch in 2022 include potential new standards from FASB on expense disclosure and long-term agenda items, ESG reporting guidelines from FASB and IASB, and managing dynamic risks. Top challenges for accountants in 2022 involve streamlining planning/forecasting cycles and providing real-time reporting.