Manbir Sidhu, CPA
Founder & Audit Partner
Leads audit and assurance engagements and works directly with clients on complex reporting and compliance requirements.
EXPERTISEAudit & Assurance · GAAP Reporting · Nonprofit · HOA · Internal Controls
Need a financial statement audit? Let’s get it moving.
Get a clear scope, timeline, and fixed-fee estimate for your audit. Our team works with organizations nationwide and keeps the process straightforward from start to finish.
FREE
15-Minute Audit Scoping Call
$500+ Value
15-Minute Audit Scoping Call
$500+ Value
Tell us how to reach you and a little about what you need.
No obligation · Your information stays confidential.
GreyWood CPA PLLC is a member of the American Institute of Certified Public Accountants — the national professional organization setting the standards for the accounting profession.
Licensed by the Virginia Board of Accountancy as a certified public accounting firm — Firm License #134961 — authorized to practice public accounting nationwide.
WHY GREYWOOD
Built around the way
clients actually want to work.
Fixed fees, senior-level attention, fewer surprises, and a process designed to keep your audit moving.
Get My Free Audit Call → 01
Fixed, transparent fees.
Know what your engagement will cost before you commit — with no surprise fees along the way.
02
Senior CPAs on every engagement.
Work directly with experienced professionals who can answer questions and keep your audit moving.
03
Honest advice on what you actually need.
If a review can satisfy your requirements, we'll tell you instead of pushing you toward a full audit.
04
One request list from day one.
Know what documents we need upfront instead of receiving requests piece by piece.
05
Nationwide, remote-first service.
Work with our team from anywhere in the U.S., with remote fieldwork designed to minimize disruption.
06
Recommendations you can actually use.
Get practical feedback on internal controls and opportunities to strengthen your financial processes.
YOUR AUDIT TEAM
Meet the Team Behind Your Audit
Work directly with experienced professionals who understand your requirements, deadlines, and financial reporting needs.
Michael Reed
Head of Private Assurance
Works with private companies that need audited financial statements for lenders, investors, transactions, and other reporting requirements.
EXPERTISEPrivate Company Audits · GAAP Reporting · Compliance Reporting
David Collins
Head of Nonprofit & HOA Assurance
Leads audit and assurance engagements for nonprofits and HOAs, with a focus on efficient fieldwork and reliable reporting.
EXPERTISENonprofit Audits · HOA Audits · Fund Accounting · Reserve & Budget Analysis
Laura Mitchell
Head of Bookkeeping & Tax
Supports clients with accurate, well-organized financial records to help keep reporting and audit preparation on track.
EXPERTISEAccounting · Bookkeeping · Financial Reporting · Reconciliations
OUR PROCESS
From scoping call
to signed report.
Most audits take 4 to 8 weeks from signed engagement letter to final report, depending on how ready your records are.
01
Scope & Plan
We understand your requirements and deadline, then provide your scope, timeline, fixed fee, and one PBC checklist.
02
Complete the Fieldwork
We assess risk, test transactions, confirm balances, and evaluate controls. Fieldwork is remote by default.
03
Review Your Draft
We target draft financial statements within two weeks of completing fieldwork, then work through questions and adjustments with you.
04
Receive Your Final Report
Once approved, we issue your signed independent auditor's report and complete financial statement package.
WHAT'S INCLUDED
What Does a Financial
Statement Audit Include?
Every audit includes documented testing and a signed independent auditor's report you can provide to your board, lender, investor, or other requesting party.
Risk Assessment
We learn your operations, accounting system, and internal controls to identify areas of higher risk.
Internal Control Evaluation
We evaluate the design and implementation of controls relevant to your financial reporting.
Substantive Testing
We test key balances and transactions across your financial statements.
Third-Party Confirmations
We confirm selected balances directly with banks, lenders, customers, and other parties.
Analytical Procedures
We compare results with prior periods, budgets, and expectations to identify unusual activity.
Disclosure Review
We review financial statement disclosures for completeness and GAAP compliance.
CLIENT STORIES
What our clients say.
“We had a hard 4-week deadline for a full audit, and I wasn't sure any firm could turn it around that fast. GreyWood delivered in 3 weeks, kept me updated at every step, and there was no back-and-forth nonsense. We met our deadline with time to spare, which is exactly what a founder needs.”
“We needed a CPA review of our financial statements for our surety bonding. I've worked with CPAs who overcomplicate everything, but GreyWood was straightforward and professional, and they delivered a review our surety could work with. I'd use them again without hesitation.”
“We needed an audit to meet our nonprofit reporting requirements, and GreyWood understood nonprofit compliance in a way our previous auditors didn't. They were meticulous with our financials and made the process straightforward, and we finished with everything in order for our filings. It felt like they actually cared about the work, not just the invoice.”
“We needed a CPA review of our financial statements, and GreyWood understood how a small education nonprofit like ours operates. They made the process clear and manageable for our team, and delivered a review we could confidently share with our board and supporters. We're glad to have found a firm that treats nonprofits like a priority.”
CHOOSING THE RIGHT SERVICE
Audit vs. Review vs. Compilation
Not every organization needs the same level of assurance. Here's how the three services differ.
| Audit | Review | Compilation | |
|---|---|---|---|
| Assurance | Reasonable — highest | Limited | None |
| CPA procedures | Testing, confirmations & control evaluation | Inquiry & analytical procedures | Presents management's financial information |
| Report | Independent auditor's opinion | Limited-assurance conclusion | No-assurance report |
| Independence | Required | Required | Not required* |
| Commonly used for | Regulators, lenders, investors & grantors | Smaller lenders & certain reporting requirements | Internal use & certain small loans |
Not sure which one you need?
Ask Us About Your Requirements → We'll help you determine the appropriate service based on your reporting requirements.
FAQ
Common Questions
What to know before starting your financial statement audit.
What is the difference between an audit, a review, and a compilation?
An audit provides the highest level of assurance and includes testing, verification, and an independent auditor's opinion. A review provides limited assurance with less extensive procedures, while a compilation presents financial information without providing assurance.
How long does an audit take?
Most engagements take approximately 4–8 weeks from the signed engagement letter to the final report. Timing depends largely on complexity and how quickly requested documents are provided.
How much does an audit cost?
Fees depend on the size and complexity of your organization and the scope of the engagement. We provide a fixed fee upfront, so you know the cost before you commit.
What documents do I need to prepare?
We provide a detailed Prepared-By-Client (PBC) checklist at the beginning of the engagement. This typically includes bank statements, the general ledger, trial balance, board minutes, contracts, and prior-year financial statements.
Do you work with organizations outside of Virginia?
Yes. We work with organizations nationwide and can conduct audit fieldwork remotely or on-site depending on the engagement.
Can you audit us if we've never had an audit before?
Yes. First-year audits may require additional procedures, including work around opening balances, but we'll guide you through the requirements and documentation from the beginning.
READY WHEN YOU ARE
Let's talk about
your audit.
Tell us what you need and when you need it. We'll help you understand the scope, timing, and next steps before you commit.
Get My Free Audit Call →