In this lesson, Nick Palazzolo discusses the concept of agreed-upon procedures in the context of accounting and auditing. He seeks to simplify this often confusing topic, breaking down the different aspects and explaining how it fits in between an audit and a consulting engagement. With the help of slides and clear explanations, he aims to provide a solid understanding of agreed-upon procedures and their importance in the world of accounting. Throughout the lesson, he covers the learning objectives and dives into the nitty-gritty ins and outs of this important aspect of the accounting profession.