The Bardeen-Petterson effect around a rapidly rotating compact object cause
s a tilted accretion disk to warp into the equatorial plane of the rotating
body. Viscous forces cause the accretion flow to divide into two distinct
regions-an inner aligned accretion disk and an outer tilted accretion disk.
The transition between these two occurs at a characteristic radius that de
pends on the mass and angular momentum of the central object and possibly o
n the accretion rate through the disk. We propose that accreting material p
assing through the transition region may generate quasi-periodic brightness
oscillations such as have been observed in a number of X-ray binaries. We
show that this effect may be present in the black hole X-ray binary GRO J16
55-40. We also argue that the quasi-periodic oscillation (QPO) frequency ra
nge predicted by this model is consistent with observed QPO frequencies in
both black hole and neutron star low-mass X-ray binaries.