In this lesson, the essential aspects of engagement planning, scope, and timing are discussed. The focus is on the planning stage of the audit and the specific actions that auditors need to take during this stage. The lesson provides valuable strategies for tackling exam questions related to identifying audit stages and understanding the specific actions auditors are required to carry out in different phases of the audit process. By diving into the learning objectives, learners will gain a comprehensive understanding of engagement planning, scope, and timing in the context of auditing.