QUESTION $3(25$ MARKS$)$

Present evidence, validating the traditional concept of a KM audit. Understanding that it is an

evaluation of a person, business, system, process, project, or product by an independent third party.

Financial audits are well understood. They examine the financial statements of a company to check

performance against standards. A knowledge audit works differently, and some demystification is called

for.

Question $3\mathrm{.}1$

Define what is a knowledge audit. $(7$ Marks$)$

Question $3\mathrm{.}2$

What are the components of knowledge audit? $(8$ Marks$)$

Question $3\mathrm{.}3$

How do you conduct knowledge audit? $(10$ Marks