Greetings! The vacation month of May is over and hopefully summer heat will soon end. However, the heat of new amendments continues throughout the next few months! Changes include modification of Accounting Standards Rules and a new SEBI circular on LODR (Listing Obligations and Disclosure Requirements) applicable w.e.f. 1st April 2016.Additionally, the first quarter results will be reported under Ind ASs. Internal Financial Controls reporting has entered the audit report even for smaller companies. Although changes keep us on our toes and keep the wheels of learning and unlearning moving, the applicability and timing of these changes awakens a strange sense of astonishment in me!