Cognitive-behavioral therapy has a well-established track record that proves its efficacy, effectiveness, and cost-effectiveness for verbal auditory hallucinations. The effect sizes are small to medium-sized and in need of further improvement. The work that is currently going on is aimed at the further development of the cognitive model of hallucinations, which will hopefully allow for more targeted interventions to be developed and tested. Recently, a number of techniques have been developed that do not primarily focus on the content of thoughts and thinking styles but rather on emotional processing and the acceptance of persistent symptoms by finding a decentered perspective that gives room for recommitting to valuable personal goals and social roles in the community. © 2012 Springer Science+Business Media, LLC. All rights reserved.