Audit, Review, or Compilation — we help you choose the right level of assurance based on your business, stakeholders, and reporting requirements.
Most businesses don’t actually need a full audit. But choosing the wrong level of financial assurance can cost you time, money, and credibility.
At GreyWood CPA, we don’t push services. We help you determine the right level of assurance based on:
CPA firm licensed in Virginia, serving clients nationwide, and enrolled in the AICPA Peer Review Program
VBOA Firm License No. 134961
When someone outside your organization — a lender, a government agency, a donor, a board — needs to trust your financial statements, they want a professional accountant to stand behind them.That’s assurance. The question is how much they need, and how much scrutiny is required to get there. Three levels exist, each suited to a different situation.
We examine your records in depth — testing transactions, verifying balances, confirming with third parties. We then issue a formal opinion that your statements are free from material misstatement.
Required when: grant compliance, HOA bylaws, lender covenants, or government reporting demand it.
We perform analytical procedures and ask targeted questions. We’re not verifying every transaction — but we’re looking for anything that seems off and can report that nothing came to our attention.
Common for: smaller nonprofits, private companies, situations where stakeholders want comfort but a full audit isn’t required.
We take the numbers you provide and organize them into properly formatted financial statements. We don’t verify or test anything — but the output is structured, professional, and CPA-prepared.
Useful for: internal management reporting, early-stage companies, or when a clean presentation is the goal.
We’ll help you determine the best fits you goals and requirements
Your journey to financial assurance in 4 steps
We’ll help you determine the best fits you goals and requirements
We recommend the right level of assurance
Based on selected service (audit/review/compilation)
Clear, structured financial statements
Guidance built on clarity, relevance, and independent judgment
We specialize in private companies, nonprofits, and HOAs
We recommend only what you actually need
Get clarity and results in days, not weeks
No conflicts of interest — only clear financial insight
What our clients say about working with GreyWood CPA.
Founder and CEO
I had a 4-week deadline and wasn’t sure any firm could turn around a full audit that fast. Greywood did it in 3. Professional, no back-and-forth nonsense, and they kept me updated the whole way. Exactly what a founder needs.
Board President
Managing an HOA audit in Florida comes with its own set of requirements and our board had zero patience for delays. Greywood knew exactly what they were doing — clean process, clear communication, done right the first time.
Founder & Executive Director
Greywood understood nonprofit compliance in a way our previous auditors didn’t. They were meticulous with our financials and made sure everything was in order for our reporting requirements. It felt like they actually cared about the work, not just the invoice.
CEO
Straightforward, professional, and got the job done. I’ve worked with CPAs before who overcomplicate everything — Greywood wasn’t like that. Would use them again without hesitation.
Answers to common questions about our services and process.
An audit provides the highest level of assurance, a review provides limited assurance, and a compilation offers no assurance but structured reporting.
It depends on your stakeholders (lenders, investors) and regulatory requirements. We help you determine.
Compilation: Days
Review: 2–4 weeks
Audit: 4–6 weeks (depending on complexity)
Yes. We guide you from scratch and simplify the entire process.
15min consultation is complementary absolutely free of cost.
Fees depend on the size and complexity of your organization. We provide a fixed-fee engagement letter upfront — no surprises.
Get expert guidance in minutes — no pressure, just clarity.
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