A public lecture titled “Internal Control Systems for Effective Governance” was held at the Georgian Technical University, organized by the Faculty of Business Technologies.
The lecture aimed to arouse professional interest among students and raise awareness about modern systems of internal control and internal audit in the public sector.
The public lecture was opened by Professor Tamar Lominadze, Vice-Rector of the Georgian Technical University, who welcomed the attendees and introduced the speakers: Eleonora Lomineishvili and Associate Professor Irma Gelantia-Akhvlediani from the State Internal Control Department of the Ministry of Finance of Georgia, and Niko Revishvili, Head of the Internal Audit Department of the Ministry of Infrastructure of Georgia.
According to the Vice-Rector, public lectures in the university space are an important educational and professional platform, ensuring the integration of students’ academic knowledge with practical experience.
Professor Lominadze emphasized that such meetings are especially important in today’s governance environment, where internal control and audit systems play a crucial role in promoting organizational sustainability, transparency, and accountability.
“For the Georgian Technical University, it is a priority to support educational initiatives that allow students to get acquainted with public sector practices, international standards, and modern approaches to risk-based management. This public lecture will clearly demonstrate the role of internal control systems not only in the effective management of financial resources but also in the process of making strategic decisions, increasing operational efficiency, and preventing corruption risks. Both theoretical knowledge and practical experience shared with students by highly qualified practitioners from the Ministries of Finance and Infrastructure of Georgia will contribute to the awakening of professional interest and the development of critical thinking among the youth,” Tamar Lominadze noted.
Special attention was paid to the essence of the risk management system, including mechanisms for identifying and preventing corruption risks.
The speakers explained that the effective functioning of internal control and internal audit plays a significant role in the process of transparency, accountability, and targeted and effective management of resources in organizations.
The speakers also discussed international standards for the state’s internal control system, their compliance with Georgian practice, and the role that internal audit plays in improving management processes. It was noted that internal control mechanisms are not limited to financial control, and include the effectiveness of operational processes, ensuring compliance, and achieving strategic goals.
As the Dean of the Faculty of Business Technologies, Professor Rusudan Kutateladze, noted, the faculty will continue to organize academic and practical events of similar content in the future, which contributes to the deepening of cooperation between the university and state agencies, and the training of competitive, knowledgeable young specialists.
According to the Dean, such an approach is fully consistent with the educational mission and development strategy priorities of the Georgian Technical University.
At the end of the event, students and professors of the Faculty of Business Technologies actively participated in the discussion.
The young people asked several questions and expressed interesting opinions about modern models of internal control systems, practical aspects of their functioning, the importance of effective governance, and ways to ensure organizational effectiveness.