On November 21, around 30 ISET students visited the State Audit Office for educational purposes. Two state auditors (one of whom was a graduate of ISET) gave a series of lectures to the visitors, which was initially intended to be conducted in English, but eventually done in Georgian due to the absence of international students.

First, the students were introduced to the principles of auditing, specifically how it works and what its purpose is. Thereafter, the Office’s budget monitoring system shown to the visitors, and its capabilities were demonstrated by the auditors. The most thought-provoking part of the lecture was about government debt and its thresholds, but the students were particularly interested in auditors’ salaries, although a clear answer was not given.

The second lecture concerned the subject of Statistics, mainly the use of sampling and measuring risks using mathematics. Although the students were unfamiliar with the concept of the risk of incorrect rejection and acceptance, they effortlessly recognized variance, clusters and stratifications. Unfortunately, most of the detailed statistics were skipped because of their inherent complexity, e.g. probability proportion to sample size. Excel was used as a main tool for reviewing trust measurements, sample size, risk factors and how they affect sample sizing and inference was examined in detail.