This Book discusses basics of Knowledge, Knowledge Management viz., concepts, issues, creations and transformation. The implication of Knowledge Management on Human Resources and Organization is also elaborated in this book. The correlation between KM and economic growth with the help of social and economic indicators between the developed and developing countries are also described in this book. Lastly book provides the brief information about knowledge audit and its components i.e knowledge need analysis, knowledge inventory analysis, knowledge flow analysis and knowledge mapping. The role of knowledge auditor and the knowledge audit methodology also described.The case studies of the different organization are describing in the last chapter of this book, which will help the knowledge auditors. The 8 “C”s audit i.e connectivity, content, community, culture, capacity, cooperation, commerce and capital are explained with the suitable examples.