In this lesson, Nick Palazzolo, CPA, dives into the intricate world of regulations, standards, and frameworks that are pivotal in various industries, including healthcare and financial services. He explores the origins of these guidelines, discussing whether they are set by governmental agencies or private organizations, and what roles they play in professional practice. Throughout the lesson, Nick emphasizes the relevance of key regulations such as HIPAA, providing a clearer understanding of how these frameworks are applied differently across sectors. This comprehensive overview helps shed light on the fundamental structures that govern professional operations and compliance.