Knowledge Management Audit On People and Organization Culture Aspects 1. Introduction According to Eddie Chan (2015), KM audit occur in the early stage either initiate analysis or planning stage. The purpose of KM audit is finding out the gaps of an organization’s actual knowledge management and desire knowledge management so that assure the KM activities in the organization run properly and effectively. Hylton (2002) showed that most of the knowledge management undertook in an organization or corporation operated slow or even not success at the end. The paper had summarized several reasons for the failure of knowledge management such as lacking supporting and did not state the objectives of the organization clearly. One of the reasons had …show more content…
(LIebowitz et al, 2000) KM audit as the early step in the process of KM initiative, the purpose of it is identifying the actual needs of an organization and build up an audit plan for the complementation of KM in the organization. According to Eddie Chan (2015), the previous steps of audit process are identifying the objectives and ensure the support from the people in the organization. As mention the importance of organization culture and people in the organization above, announce the auditing to the people and understand the culture of the organization will be useful to KM audit.( Choy, Lee, & Cheung, 2004; Levy, Hadar, Greenspan, & Hadar, …show more content…
Cultural norms, expectations and practices in the organization had positive influence on KM solutions which are raises after KM audit for the purpose of through measuring the current KM process to improve the KM in an organization. (Delong & Fahey, 2000) Under the views of Choy et al (2004), before KM audit, an orientation presentation was given to the people in the organization meanwhile has the cultural assessment. These steps provided pre-audit preparation for KM audit. KM audit which pay attention to the people and organization culture aspects, two directions can be summarized from the literatures review. First one is the tactic cultural perspective from different stakeholders in the organization in order to find out the barriers of accepting KM solutions. (Levy et al,
A financial audit is an independent, objective evaluation of an organization 's financial reports and financial reporting processes. The primary purpose for financial audits is to give stakeholders reasonable assurance that financial statements are accurate and complete. Most internal audits are not adding value. One reason is that “ongoing compliance burdens and pressure to do more with less” is contributing to the decline in perceived internal audit value.
The film Precious Knowledge is from the perspective of a group of students at Tuscan High School in Arizona. The school system wanted to increase graduation rates and was looking at different ways to do this. The school came to the conclusion that a Mexican- American studies class will increase the dropout rate from 48 percent. This class taught students about Mexican-American history and culture with a curriculum that can be related to social justice while thinking critically and socially conscious. The Governor of Arizona started to protest this class because of the books they were reading and some of the material that was being taught was considered to be promoting the overthrow of the US Government.
Think about a time in your career when you needed a critical piece of information in short order to accomplish a task, but could not easily locate that information. Constant emails keep arriving in your inbox from you supervisor demanding an answer on when you will respond. Critical staffing actions are delayed or even forgotten due to the delay in obtaining necessary information to ensure organizational knowledge is fully incorporated into the decision-making process. These situations are all a result of an organization with knowledge management issues.
Clients must keep records and books of accounts including cash book, sales ledger, purchases ledger and general ledger. Supporting documents such as invoices, bank statements, pay-in slips, cheque butts, and receipts for payments, payroll records and copies of receipts issued should be retained. A valuation of the stock in trade should be made at the end of the accounting period and the appropriate records maintained. Company should record sufficient to explain each transaction and to enable a true and fair profit & loss account and balance sheet to be prepared. At the end of the accounting period, a physical stock-take should be made to ascertain the quantity and the cost of the stock in hand or the cost of work in progress statements and
In week 4, we went over how to understand the different types of teams, what were the strengths and weaknesses of each team. In the course we discuss innovation team, cross-cultural team, permanent team, temporary team and virtual team. We also discuss intercultural teams and how it affects the work place. Through this assignment I learned that I have worked on a cross-functional and virtual team. With the cross-functional team we have to come together and prepare a work document for a top customer.
An IT audit is the examination and evaluation of an organization's information technology infrastructure, policies and operations. Information technology audits determine whether IT controls protect corporate assets, ensure data integrity and are aligned with the business's overall goals. 1.2.2 Objectives IT audit objectives concentrate on substantiating that the internal controls exist and are functioning as expected to minimize business risk. These audit objectives include assuring compliance with legal and regulatory requirements, as well as the confidentiality, integrity, and availability.
Professional scepticism is an important part of auditing as it necessitates the auditor exercising their qualified judgement in dealing with occurrences and circumstances of a countless number. (Auditing and Assurance Standard Board, 2012). Since the global financial crisis, there has been increasing importance placed on applying professional scepticism and many auditors have been criticised for not using scepticism in their valuation and assessments of factors like going concern issues, fair value judgements and related party transactions. (Association of Chartered Certified Accountants, 2015). Additionally, the importance of professional scepticism is essential in reducing the number errors found in financial statements.
Besides, the different education background and social values in Alphan and Betan nations constituted the different characteristics between people in each team. For these reasons, I think if we had been provided more information about the counterparty’s cultural characteristics, we could have prepared a better negotiation plan and applied different negotiation style which might have improved the negotiation outcomes or at
Apple Company Apple Inc. is a private company, and it is one of the world 's most famous technology and computer companies, located in the United States of America. It is a multi-national company. Its main business depends on specialization in manufacturing, producing, developing, improving and selling software, smartphones, computers; It has a series of electronic devices, such as iPad, iPhone and Mac. The origin of Apple Company Founded by Steve Jobs and his co-pilot Steve Wozniak, Apple Computer was able to design a computer in the form of the beginning of Apple computers in the time period Between the years 1981 to 1985; since 2005 until now, Apple has seen many developments; successive successes.
The audit reports are usually used by shareholders, as they would want to check if the money they have invested is put to good use and also to calculate the amount of dividend they would get if the company were doing well. The management and the board of directors as well would use the information to see how well the company is doing and to know if the firm is free from fraud and is assessed properly. The fourth key committee, which helps the board reach targets, is the remuneration committee, which is headed by Deanna Oppenheimer who is the chair of the remuneration
Knowledge management is a process to ensure that knowledge developed through individuals and group work activities is effectively captured and made available to those who may benefit from it. An example would be to build into project plans the time for review and to identify at the outset how information, knowledge and experience will be captured, stored and shared with other individuals and/or areas of the organisation that may have an interest in the experience and knowledge gained as a result of the project. The importance and value of knowledge management has been brought into sharper focus in the current climate of financial constraint and the need to do more with
The purpose of this report is to find solutions to the prevailing issues in Ritz Carlton like an increase in absenteeism, demotivation, a decrease in productivity level as well as discrimination, underpay and conflicts arising between team members. For the purpose of this assignment, the focus will be on providing recommendations to improve the culture, working environment, structure, motivation of employees and strengthen team-working. Ritz Carlton is using a hierarchical and centralised structure, first of all, different type of structures will be proposed to find the right one.
ACC701 AUDITING Trimester 1, 2015 INDIVIDUAL ASSIGNMENT Name: Deepika Bandhana Lal ID: 2012000693 ABSTRACT The purpose of this research paper is to positively evaluate the professional skepticism. The research will be based on the various definitions of the professional skepticism in the standards and the academic literature. It will also enhance the application of skepticism in the field.
When there is a need by the Audit Committee, the relevant members of the Management Team will also be invited to attend the
1- Introduction This report will state and elaborate the idea and the concept of culture, cultural diversity as well as handling with cultural diversity in an organization. It will clarify and explain the advantages as well as disadvantages for a company having employees of different cultural backgrounds. Likewise, it will also explain significance of dealing with different cultures, influence of culture over the workers and style of management. Similarly, it will also discuss significance of cultural training and cultural diversity implications in managing an organization.