The correct answer is: C. Banking business.
A continuous audit is a type of audit that is conducted on an ongoing basis, rather than at a specific point in time. This type of audit is especially useful for businesses that have a high volume of transactions or that are subject to a lot of regulatory scrutiny.
Banking businesses are particularly well-suited for continuous audits because they have a high volume of transactions and are subject to a lot of regulatory scrutiny. Continuous audits can help banks to identify and address potential problems early on, before they become major issues.
Option A, Any trading organization, is incorrect because not all trading organizations need continuous audits. Only those that have a high volume of transactions or that are subject to a lot of regulatory scrutiny need continuous audits.
Option B, Smaller concern, is incorrect because smaller concerns are not necessarily more likely to need continuous audits than larger concerns. The need for a continuous audit depends on the specific business’s circumstances, not its size.
Option D, Manufacturing companies, is incorrect because manufacturing companies are not necessarily more likely to need continuous audits than other types of businesses. The need for a continuous audit depends on the specific business’s circumstances, not its industry.