What's in store for future financial reporting?

Due to the rise of financial schemes and corporate scandals in the last decade (i.e. Enron, WorldCom, Bernie Madoff's Ponzi investment scheme, Lehman Bros, etc), global investors are demanding stricter corporate governance and compliance requirements for publicly held companies. What's in store for future financial reporting?

We have a Focus Community member that is looking for some help with this - any insight?

http://www.focus.com/groups/finance/topics/view/whats-store-future-...