Development of Approaches to the Interpretation of Essence and Role of Documentation in Audit

The purpose of the article is to deepen the subject of documenting in the auditor's practice. The influence of the general theory of documentation on the formation of the category of "documenting" in the audit is revealed. It has been found that theoretical developments and fundamental research related to audit activity are not consistent with the provisions of the doctrine theory and do not focus on understanding the correlation between its postulates and the processes of document formation in the audit. This leaves the document in the audit without a fundamental theoretical basis, which adversely affects the awareness of the importance of documenting the audit by specialists involved in the audit. On the basis of the provisions of the institutional theory of accounting and the latest theoretical studies in the audit, the substantive essence of documenting in the audit was made. It has been determined that audit documentation is a system of relations between auditors, clients and other authorized users on the formation and circulation of information that accompanies the process of providing audit services. Such information provides for effective communication between auditors and their users to ensure trust, understanding and manageability between them.