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Board approves multiple exam-credit extensions and three settlement agreements; one CPE waiver denied
Summary
The board approved several exam- and CPE-extension requests, denied one waiver request, and accepted three settlement agreements (two censures/fines for operating without a firm permit and one censure/fine for a late estate tax filing). See itemized votes and motions below.
At its meeting the State Board of Accountancy voted on a package of extension requests and three disciplinary settlement agreements.
Key outcomes at a glance
- Minutes: The board moved to accept the minutes of July 1, 2025; motion made by Pete and seconded by Bud; outcome: approved (recorded as unanimously approved with one exception).
- Agenda additions: The board voted to add two late exam-credit extension requests (for Hitesh Madnani and Adisa Hodzic) to the agenda by two-thirds vote; motion carried.
- CPE/exam extension votes: - Rajat Krishnan Gulab: Motion to deny his request for a two-year waiver of CPE requirements was made and passed (mover: Bud; second: unknown). Outcome: denied. (Board noted he still has time through year-end to meet CPE requirements or pay late fees.) - Papalardo (name on file): Motion to approve extension until Oct. 21 for reasons including house sale and relocation (requestor reported age 80); motion passed. Pete recorded a vote against this extension. - Noelle Brown: Motion to extend FAR credit from June 30 to Dec. 31 for medical reasons; motion passed unanimously. - Adisa Hodzic: Member requested three credits extended; staff noted dashboard showed only one FAR credit expired June 30. The board voted to ask Hodzic to amend her request to reflect actual credits needing extension; motion passed. - Hitesh Madnani: Board approved a three-month extension (to March 31) for AUD and BEC credits due to a documented infant medical ICU hardship; his FAR exam notice to sit remains active.
- Settlement agreements (disciplinary matters): The board accepted three settlement agreements: - Christina Cernick (2025-30) — settled for practicing without a firm permit; sanction: censure and $1,000 fine. - Timothy Gaydos (2025-25) — same facts and sanctions: censure and $1,000 fine. - George Major III — alleged failure to prepare/file a 2021 estate tax return and failing to return estate tax documents; respondent described prolonged personal hardship; settlement: censure and $1,000 fine. Board recorded no other complaints against the firm.
Procedure and next steps
Most extension items were handled by motion and voice vote. Where documentation was insufficient (Adisa Hodzic), the board asked staff to follow up and requested the applicant amend the request if needed. For denials, board staff explained that the applicant retains time until year-end to complete required CPE and pay any late fees if applicable.
No legislative or rule changes were adopted as part of these votes.
