In this lesson, Nick Palazzolo breaks down the critical IT governance frameworks that provide structure for managing and governing IT in any organization. He explains the differences and applications of the COSO Internal Control Integrated Framework as well as COBIT (Control Objectives for Information and Related Technology), illuminating their roles and the entities behind their creation. Nick emphasizes the importance of understanding COBIT’s function as a supportive tool, delineates its four domains—Plan and Organize, Acquire and Implement, Deliver and Support, and Monitor and Evaluate—and lays out how these frameworks ensure the quality control and reliability of information systems which are crucial for modern business operations. He encourages embracing the nuances of IT governance to improve fluency in the 'language' of IT and to prepare for the ever-evolving IT questions on the BEC exam.