Knowledge Management (KM) has become an important area of focus in many organizations. This is not surprising given that KM is increasingly associated with organizational success in today's business environment. However, despite the fact that KM is important, KM practitioners are finding hard to implement it and organizations are still reluctant to undertake it. This fear is often attributed to the organization failing to incorporate a knowledge audit in the KM programme. KM gurus agree that the knowledge audit is an essential process in any KM initiative.