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State board approves two settlement agreements; Markham LLP to pay $125,000
Summary
The board accepted settlement agreements for two investigations: Margaret P. Douglas agreed to a $1,000 penalty for operating a Connecticut CPA practice without a firm permit; Markham LLP consented to terms tied to SEC and PCAOB orders and agreed to pay $125,000 and comply with undertakings.
The Connecticut State Board of Accountancy accepted two settlement agreements for separate investigations during its meeting.
In case 2024‑47, DCP staff said Margaret Pearl Douglas operated a Connecticut office under Cannaville Consulting LLC without obtaining a firm permit, in violation of state statutes governing use of the CPA title and firm permits. Kat, a DCP staff member, said Douglas had been licensed in Connecticut in November 2016, formed Cannaville Consulting LLC in January 2017 (dissolved in December…
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