The correct answer is: A. Audit of accounts at the end of the year.
A final audit is an audit that is conducted at the end of a financial year. It is a comprehensive audit that covers all aspects of the company’s financial statements. The purpose of a final audit is to ensure that the company’s financial statements are accurate and that they comply with all applicable accounting standards.
Option B is incorrect because checking accounts to reveal frauds is not the only purpose of a final audit. A final audit also covers other aspects of the company’s financial statements, such as its assets, liabilities, and equity.
Option C is incorrect because a final audit is not conducted for the purpose of submitting a report immediately at the end of the year. A final audit is a comprehensive audit that takes time to complete.
Option D is incorrect because a final audit is not limited to auditing banking companies. It can be conducted on any company, regardless of its industry.