Maui, Hawaii (Oct. 28, 2002) -- Fiscal 2002 proved to be tough year for CPA2Biz, the American Institute of CPAs' Web portal, which sustained greater than expected losses, AICPA executives told Council members at their Fall meeting last week.

While he admitted that the portal's performance to date hasn't met initial expectations, CPA2Biz president Navin Chaddha assured council members that "We've taken steps during the past six months to correct the mistakes that were made in the first year of operation."

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