CPA Australia on Friday announced the closure of its licensing arm, CPA Australia Advice.Accountants Daily reported that the Board of CPA Australia confirmed to members it had decided to exit the business. The move will be finalised by the end of the calendar year.CPA Advice, the news service reported, "has struggled from its launch in 2015 to attract members, falling hundreds short of its business projections by year end 2017. It's also reported a combined trading loss of $7.4 million in November last year since inception."Housing a dealer group under the CPA Australia brand has also posed severe regulatory conflicts for the association, including the renewal of its professional standards scheme last year, which provides liability coverage for members in public practice."