To answer this question, we need to understand the concept of audit and its purpose.
An audit is an independent examination of financial statements and records to determine their accuracy and reliability. It is typically conducted by a professional auditor who examines the financial transactions, internal controls, and compliance with laws and regulations of an organization.
Now, coming back to the question, the statement is: "Can we give audit not in utility?"
The correct answer is B) False.
This is because audits are not limited to utility companies. Audits can be conducted in various industries and organizations, including but not limited to utility companies. Audits are conducted to ensure transparency, accountability, and adherence to financial and legal standards, regardless of the industry or sector.
Therefore, it is incorrect to state that audits are limited to utility companies only.