Knowledge audit as a key tool for business research in the information society

Abstract

The article discusses and systematizes the possibilities of knowledge audit in the frames of the formation of the information society. The features of developing a methodology, organization and knowledge audit tools that meet the modern needs of the development of business audit are assessed. The problem of modern times also lies in the fact that the audit of explicit (formalized) knowledge is fundamentally different from the audit of implicit (non-formalized) knowledge. As one of the main areas of business audit, knowledge audit is highly professional consulting services in a wide range of subject areas of economic, financial, legal and many other areas of modern business. A research of the demand for this area of audit in the global community showed that the lack of an agreed methodology prevents from making the decision about conducting an audit of knowledge. The article examines modern approaches that allow combining the capabilities of modern business audit in general and information systems audit, operational audit, intellectual capital audit and knowledge audit, in particular. It is concluded that combining these types of audits into a single audit of a business shows a significant business effect. The practical significance of the article lies in the fact that conclusions and suggestions aimed at strengthening the role of modern audit contribute to the real optimization of modern business. A research made by the authors showed that the new reality of the 21st century has changed the attitude towards traditional audit, which requires justification of the business effect when introducing new information systems and modernizing old ones, moving from complex automation of business processes to specialized solutions. Notwithstanding with it, the demand for business development and IT strategies and feasibility studies is growing steadily. Projects on the use of corporate knowledge at all levels of management come to the fore.

Linking Critical Thinking and Knowledge Management: A Conceptual Analysis

“…The European Commission considers effective knowledge management to be an essential condition for modernizing work by moving to ways of working that emphasize teamwork, overcoming silo mentalities, and harnessing synergies between portfolios [13]. Thus, knowledge management is considered to be a prerequisite for effective and researchbased policymaking [14], ensuring the development of a knowledge-based economy [15,16].…”

Leveraging information communication technology (ICT) and artificial intelligence (AI) to enhance auditing practices

“…At various times during the company’s evolution, these technologies have been combined into a single information system in some cutting-edge businesses. However, the entire strategy frequently needs a comprehensive viewpoint, which makes it challenging to build advanced knowledge management systems that successfully support auditing procedures (Kashirskaya et al , 2020). Leveraging ICT and AI to enhance auditing practices presents problems in transferring knowledge management to auditing practices.…”

The Quality of Company Audit in Indonesia during COVID-19 Pandemic: A Review of Literature

“…A company audit will be one of the factors that must be given special attention during the company adjustment process. When undergoing company transformation and adjustments, management has the potential to make mistakes or commit fraud that can be detrimental to the company (Kashirskaya et al, 2020). An audit will assist companies in recognizing the conditions they are experiencing and identifying the problems the company is currently facing to avoid problems.…”