Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Audit Procedures OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We have curated a selection of OKR examples specifically for Audit Procedures to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Audit Procedures OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Audit Procedures OKRs examples
We've added many examples of Audit Procedures Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to enhance Safety Layout and Operation Procedures
ObjectiveEnhance Safety Layout and Operation Procedures
KRIncrease safety equipment compliance by 15% using regular safety audits
Enforce stricter penalties for non-compliance- Train employees about importance of using safety equipment
- Develop a comprehensive regular safety equipment audit program
- KRTrain 100% of staff in new safety layout and operational guidelines
- Monitor completion and understanding of new guidelines
- Schedule mandatory training sessions for all staff
- Develop comprehensive safety and operation training program
- KRReduce workplace accidents by 25% through the implementation of improved safety procedures
- Provide comprehensive safety training to all employees
- Install up-to-date safety equipment in high-risk areas
- Regularly inspect and maintain all equipment
OKRs to improve accuracy of financial statement reporting
- ObjectiveImprove accuracy of financial statement reporting
- KRTrain staff on new financial reporting procedures to ensure 95% compliance
- Develop a detailed training program for new financial procedures
- Monitor and evaluate staff compliance regularly
- Implement regular training sessions for all staff members
- KRImplement a comprehensive audit process to decrease reporting errors by 30%
- Train staff on proper reporting and audit procedures
- Install auditing software to automatically detect errors
- Establish a defined auditing protocol involving routine checks
- KRImprove data management systems to reduce data-entry errors by 40%
- Train staff on proper data-entry techniques
- Upgrade data-entry software for better accuracy
- Implement comprehensive data validation checks
OKRs to implement comprehensively effective PPE procedures
- ObjectiveImplement comprehensively effective PPE procedures
- KRConduct regular weekly audits to ensure 100% compliance with PPE procedures
- Schedule weekly audits for PPE procedure compliance checks
- Analyze audit results to identify non-compliance issues
- Implement corrective measures based on audit findings
- KRAchieve 95% decrease in PPE-related incidents in the workplace
- Establish stricter penalties for non-compliance with PPE regulations
- Implement mandatory PPE usage and safety training sessions for all employees
- Conduct periodic inspections to ensure proper use of PPE
- KRTrain 90% of staff on PPE protocol compliance by the quarter-end
- Monitor and record staff attendance and comprehension
- Schedule regular training sessions for all staff members
- Identify and select an effective PPE protocol training program
Audit Procedures OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Save hours with automated OKR dashboards
Your quarterly OKRs should be tracked weekly if you want to get all the benefits of the OKRs framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Audit Procedures OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to streamline contract administration procedures for enhanced efficiency
- OKRs to enhance Data Accuracy and Integrity
- OKRs to increase newsletter subscriptions through website interaction
- OKRs to streamline Sign in and Registration process on eCommerce Website
- OKRs to enhance team cross-functionality's overall performance
- OKRs to timely resolution of IT network, hardware, software and ERP related issues