The impact of the knowledge economy on society is comprehensive, profound and extensive. The development of the knowledge economy can promote innovation of knowledge, management, and technology in the field of accounting, complete continuous changes in society and economy, and achieve the development of accounting in a stable living environment. It should be based on the original concept of accounting to innovate new models of accounting development in order to adapt to the new standards. It is the new issue we have to face to realize the innovation of the accounting industry under the knowledge economy.