ABSTRACT
As the importance of information as an asset has been realized, so has the need for it to be properly and comprehensively audited. The auditing of accounts is the basis upon which other forms of auditing have been brought into being and information auditing stems from this legal requirement, although there is no equivalent legal requirement for it. Information assets have proved particularly difficult to treat in this way, since costs are difficult to define closely and much of their value is intangible. Add to this the growing interest in the concept of ‘knowledge’ as an asset and the problem is compounded even more.
