Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Audit Team 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 Team 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 Team 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 Team OKRs examples
We've added many examples of Audit Team 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 successfully complete the audit within the designated timeframe
ObjectiveSuccessfully complete the audit within the designated timeframe
KRProgressively accomplish 30% of the audit work each month until completion
Monitor weekly progress towards 30% completion- Adjust task allocation based on progress
- Establish a weekly schedule for audit tasks
- KRAddress and resolve all audit findings and reports by the final week
- Review all audit findings and reports promptly
- Develop resolutions for each identified audit issue
- Implement solutions before the final week
- KRCreate a thorough, realistic, and achievable audit plan within the first week
- Evaluate and allocate necessary resources
- Develop and finalize the audit methodology
- Identify objectives and scope of the audit plan
OKRs to facilitate 27001 certification readiness for the legal team
- ObjectiveFacilitate 27001 certification readiness for the legal team
- KRConduct comprehensive internal audit to identify compliance gaps
- Develop and implement a detailed audit plan
- Assemble an internal audit team with relevant expert knowledge
- Analyze audit findings to pinpoint compliance gaps
- KRTrain 95% of the team on ISO 27001 requirements and procedures
- Monitor and record their progress and completion
- Identify team members not trained in ISO 27001 procedures
- Organize training sessions with an accredited coach
- KRImplement necessary changes for 100% gap closure
- Develop and implement effective solutions
- Identify gaps in current processes or systems
- Monitor and evaluate the solution's effectiveness
OKRs to enhance efficiency and accuracy in assurance audit process
- ObjectiveEnhance efficiency and accuracy in assurance audit process
- KRImplement new automation tools boosting audit efficiency by at least 15%
- Research and identify potential automation tools for audit processes
- Monitor and evaluate the efficiency improvement of these tools
- Implement chosen automation tools into current audit system
- KRAchieve 100% compliance with all relevant insurance regulatory standards
- Implement necessary changes to ensure compliance
- Regularly review insurance regulations for updates
- Schedule consistent compliance audits for quality control
- KRReduce audit process errors by 20% compared to previous measurements
- Implement a comprehensive audit training program for all staff
- Regularly review and update audit procedures and standards
- Utilize automated auditing software to minimize human errors
OKRs to achieve ISO 45001 and 14001 audit readiness
- ObjectiveAchieve ISO 45001 and 14001 audit readiness
- KRConduct a complete internal review and address 90% of identified gaps/weaknesses
- Develop action plan to address 90% of weaknesses
- Identify areas of gaps and weaknesses
- Assemble team to perform a comprehensive internal review
- KRTrain 100% of relevant team members in ISO 45001 and 14001 standards
- Identify team members requiring ISO 45001 and 14001 training
- Schedule mandatory ISO 45001 and 14001 training sessions
- Monitor and document participants' training progress
- KRImplement standardized procedures for 100% of stipulated ISO 45001 and 14001 requirements
- Implement, monitor and adjust procedures as necessary
- Appoint a team to study ISO 45001 and 14001 requirements
- Develop standardized procedures aligning with ISO requirements
OKRs to enhance internal controls for a zero-deficiency internal audit
- ObjectiveEnhance internal controls for a zero-deficiency internal audit
- KRTrain all relevant personnel on the updated internal control processes
- Identify personnel requiring updated controls training
- Schedule training sessions for identified personnel
- Conduct evaluation post-training for effectiveness
- KRSuccessfully pass the internal audit with zero major findings
- Conduct pre-audit checks to identify potential issues
- Regularly review and update company policies and procedures
- Train staff on audit procedures and expectations
- KRImplement 100% of internal control recommendations from the previous audit
- Review past audit's internal control recommendations
- Create an implementation plan for all recommendations
- Carry out the implementation plan effectively
OKRs to enhance audit efficiency and transformation through innovative benchmarking
- ObjectiveEnhance audit efficiency and transformation through innovative benchmarking
- KRImprove average audit completion times by 20% through innovative methods
- Train staff in agile auditing methodologies
- Develop audit time-tracking analytics system
- Implement automation software for routine audit tasks
- KRIncrease audit process automation by 30% to boost efficiency
- Train staff in utilizing new automation systems
- Allocate budget for implementing automation tools
- Identify tasks in audit process suitable for automation
- KRImplement 2 new innovative benchmarking tools to aid in transformation
- Purchase and install the chosen benchmarking tools
- Train staff on how to utilize these tools effectively
- Research and identify two innovative benchmarking tools
OKRs to ensure successful completion of Annual Audit Plan
- ObjectiveEnsure successful completion of Annual Audit Plan
- KRIdentify and implement minimum three process improvement initiatives, contributing to business value
- Develop strategies to streamline identified problematic processes
- Analyze current procedures for potential inefficiencies or bottlenecks
- Implement and monitor the effectiveness of the developed improvements
- KRDeliver 100% of assigned audit engagements within agreed timelines
- Monitor progress regularly to ensure timely completion
- Prioritize and schedule audits based on their deadlines
- Establish clear deadlines for each audit engagement
- KRImprove stakeholder satisfaction rate by 20% through enhanced partnership initiatives
- Identify key stakeholders and outline their primary needs and expectations
- Develop targeted partnership initiatives aligning with stakeholders' interests
- Implement feedback mechanisms to continuously improve partnerships
OKRs to improve audit techniques in Learning and Development Department
- ObjectiveImprove audit techniques in Learning and Development Department
- KRIncrease efficiency of audits by 20% through advancing audit techniques
- Provide advanced audit training for employees
- Invest in audit software applications to streamline the process
- Update and improve current audit strategy and procedures
- KRComplete 100% of audit training sessions by end of the quarter
- Regularly check progress and adjust as needed
- Prioritize daily tasks to allocate time for training
- Review schedule and deadlines of all audit training sessions
- KRReduce audit discrepancies by 30% indicating enhanced accuracy in L&D Department
- Implement stringent data verification protocols in the L&D Department
- Conduct regular training sessions on accurate record-keeping
- Increase frequency of internal audits for continuous check
OKRs to enhance technical design standards supervision for the team
- ObjectiveEnhance technical design standards supervision for the team
- KRIncrease the team's compliance with technical design standards by 30%
- Develop regular technical design standards training sessions
- Implement a robust standards compliance check process
- Regularly update team on new/adjusted design standards
- KRConduct weekly audits, ensuring 100% coverage of all design projects
- Schedule consistent weekly audits for all design projects
- Check completeness of each design project during audits
- Document and report any discrepancies or issues found
- KRImplement an updated set of design standards by 20% within the quarter
- Develop a comprehensive update plan for design standards
- Assess current design standards for potential improvements
- Implement newly enhanced design standards
OKRs to facilitate ISO 27001 certification readiness for tech team
- ObjectiveFacilitate ISO 27001 certification readiness for tech team
- KRAchieve 100% completion of necessary documentation for ISO 27001 certification application
- Identify and gather all required documentation for ISO 27001 certification
- Analyze and complete any missing or incomplete documentation
- Review and finalize every document for application submission
- KREnsure 100% of tech team undergo mandatory ISO 27001 familiarization training
- Identify mandatory ISO 27001 training providers
- Schedule training for all tech team members
- Monitor and record attendance at training
- KRConduct bi-weekly audits to ensure at least 90% compliance to ISO 27001 standards
- Review compliance results for improvement areas
- Schedule recurring bi-weekly ISO 27001 audit sessions
- Implement necessary changes to ensure 90% compliance
Audit Team 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
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the 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
Spreadsheets are enough to get started. Then, once you need to scale you can use 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 Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance team performance and foster a culture of knowledge sharing
- OKRs to establish a fully functional over-the-counter (OTC) trading desk
- OKRs to achieve a successful and appealing Gaydon Expansion OBC
- OKRs to boost social media followers to 75,000
- OKRs to achieve complete regulatory compliance
- OKRs to boost sales figures utilizing CAIS distribution team