By the latest firmware I assume you mean app v2.0 and firmware v10.46 (or possibly they released an update to that).
I also have a CEM40. I wish I got the guiding you are getting. There has been an ongoing issue with the CEM40 and GEM45 regarding connecting to the ASIAIR. A number of us require inserting a USB hub between the ASIAIR and the CEM40 USB 2.0 "B" port in order to get the mount to be recognized. Or some have connected via their camera USB 2.0 port. I don't know if that affects you or not. I am still on v1.9 and I only got the error you mention once. It might have been accidental on my part as I switched the camera from the ASIAIR to my laptop. When I was finished with my imaging I attempted to {Home} the mount. Nothing happened. I was forced to use the hand controller to perform the {Home} operation.
Did you notice whether the mount Off/On button on the Mount screen on the ASIAIR was still "On" and it said it was still connected? There seems to be a number of bugs with the latest version. I am delaying upgrading until they fix some of these. I hope ZWO has some answers.
JohnD