I am taking REG at the end of April 2012 (Q2-2012). Should I know the 2011 or 2012 rates and laws? The AICPA website makes me believe that the laws tested on will be the ones that were effective 6 months before the start of the quarter. That would mean I would have to know all the 2011 rates and laws. What is other peoples understanding?
I am wondering about this question to. Taking the exam at the end of August and need to know whether I should know the 2011 rates or the new 2012 rates? Can anyone that has recently taken the exam this window share some insight?