The Influence of Knowledge Management on Application of Audit Standards: Evidence from Al-Ahlia Cement Company, Libya

Nikaela Yolanda Wilson,Marwan Ibrahim Alfadhli

doi:10.6007/ijarbss/v10-i12/8377

Abstract

The Influence of Knowledge Management on Application of Audit Standards: Evidence from Al-Ahlia Cement Company, Libya

Highlights

According to Peter Drucker, knowledge has become a major economic resource and a key source or drive of competitive advantage
Knowledge management ensures that organizations generate, distribute and apply knowledge to help in making rational administrative decisions, encourage creativity, increase competitiveness, achieve the strategic objectives of these organizations, increase their value and improve their performance
Based on the results presented in the arithmetic averages and the standard deviation of the answers of the study sample, regarding Knowledge Acquisition shown in table No 8, we note that the trend of the study sample answers was positive, as all the arithmetic averages of the study items were higher than 3, as the arithmetic averages ranged between 3.91- 4.16

Summary

Introduction

According to Peter Drucker, knowledge has become a major economic resource and a key source or drive of competitive advantage. It is important for organizations to understand the main concepts of knowledge and how to manage their knowledge assets effectively (Edosio, 2014). Knowledge management is a modern trend for contemporary organizations, especially in light of developments in information technology. The required knowledge is stored, distributed, and developed continuously so that the organization is distinguished by its level of performance and its role in society (Al-Suhaimi, 2009). Knowledge management ensures that organizations generate, distribute and apply knowledge to help in making rational administrative decisions, encourage creativity, increase competitiveness, achieve the strategic objectives of these organizations, increase their value and improve their performance. Not all information represents knowledge and not all knowledge is of value; management should capture the useful knowledge and apply it in the activities and operations of the organization (Al-Faris, 2010)

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Methods

Conclusion