Published Paper Details:

The demand and supply of audit services had progressed in line with the volume of business transactions necessitating an increase in audit liability. Prior studies have shown that sufficient audit documentation as a reflection of professional duty care and skill is essentially important and capable of enhancing credible and quality audit opinions. Consequently, this study examined auditor�s documentation versus auditor�s liability. The study adopted an exploratory research approach, using a systematic review of related and useful materials, periodicals, and relevant journals found suitable for the study. The review had shown that the quality and sufficiency of audit documentation is a veritable panacea to support dependable financial statements capable of shrinking and dipping vulnerabilities of auditor�s liability. The study recommended that while audit documentation is an indispensable driver of quality audit, documentation alone cannot in itself guarantee the quality of the audit, rather the careful process adopted in preparing sufficient and befitting audit documentation is very germane and this enhances audit quality and credible financial statements.