Video: Engagement Planning, Scope, & Timing Objectives

This lesson delves into the significance of an overall engagement strategy for both audit and non-audit engagements, highlighting the importance of preparing a detailed engagement plan. Emphasis is placed on understanding the deadlines, team members involved, and the process from acceptance to assessment results. Additionally, the lesson covers the identification of matters related to the plan's scope and timing that need to be communicated with management and those charged with governance. By doing so, Nick Palazzolo, CPA, aims to help prepare for successful engagement planning in real-world audit scenarios.