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What are Compliance And 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.
Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.
We have curated a selection of OKR examples specifically for Compliance And 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 Compliance And 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.
Compliance And Audit Team OKRs examples
You will find in the next section many different Compliance And Audit Team Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).
Hope you'll find this helpful!
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 boost the number of investigations and remediation of critical compliance issues
- ObjectiveBoost the number of investigations and remediation of critical compliance issues
- KRBoost investigations carried out by 25% by enforcing stricter protocols
- Implement consequence management for protocol breaches
- Increase training on investigative protocols
- Establish detailed guidelines for conducting investigations
- KRAchieve 100% compliance in pivotal areas through ongoing reviews and improvements
- Create training programs for continuous process improvement
- Establish routine audits to ensure complete compliance
- Implement regular feedback loops for proactive adjustments
- KRReduce critical compliance issues by 30% through focused remediation
- Train staff on improved compliance practices
- Develop a focused remediation strategy
- Identify common themes in current compliance issues
OKRs to identify and address all existing compliance gaps
- ObjectiveEnsure complete compliance across all areas of operation
- KRImplement necessary changes to meet compliance requirements and standards
- Train employees on compliance requirements and provide ongoing education
- Regularly review and update compliance program to ensure adherence to changing standards
- Conduct compliance assessment for internal processes and procedures
- Develop and implement a compliance program with clear policies and procedures
- KRTrain all employees and contractors on compliance policies and protocols
- Develop compliance training curriculum and materials
- Schedule and deliver training sessions for all employees and contractors
- Regularly update and refresh training materials and curriculum
- Obtain signed acknowledgments of receipt and understanding from all trainees
- KRConduct a thorough audit of all compliance policies and processes
- Update and communicate revised policies/processes to all relevant personnel
- Address any gaps or weaknesses identified during evaluation
- Identify all compliance policies and processes
- Evaluate effectiveness of current policies/processes
- KRRegularly review and update compliance measures based on industry standards and regulations
- Implement necessary updates to comply with regulations
- Keep up-to-date with relevant industry standards and regulations
- Identify areas for improvement
- Evaluate existing compliance measures
OKRs to achieve full cybersecurity compliance across all systems
- ObjectiveAchieve full cybersecurity compliance across all systems
- KRImplement rigorous password protocol on all employee devices by providing secure training
- Regularly update and enforce password protocol
- Develop comprehensive password security training program
- Implement mandatory training for all employees
- KRAssess and mitigate 100% of identified vulnerabilities in our software infrastructure
- Prioritize identified vulnerabilities based on potential impact
- Conduct comprehensive vulnerability assessment on entire software infrastructure
- Develop and implement mitigation strategies for each vulnerability
- KRSuccessfully pass an external cybersecurity audit with zero major infringement notices
- Implement robust cybersecurity policies and procedures
- Perform frequent internal cybersecurity audits
- Regularly update and patch all software systems
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 compliance and engagement through sales audit
- ObjectiveEnhance compliance and engagement through sales audit
- KRIdentify and rectify at least 75% of recorded non-compliance issues by week 12
- Devise an effective strategy to rectify issues
- Implement the strategy before week 12
- Review all recorded non-compliance issues
- KRConduct and complete 100% sales audit for all departments by week 8
- Evaluate, compile and submit audit findings by week 8
- Determine essential data points required for sales audit by week 2
- Implement a systematic sales audit process starting week 3
- KRIncrease staff engagement in compliance initiatives by 30% through training and communication
- Implement regular communication channels to discuss compliance matters
- Develop a comprehensive compliance training program for all staff members
- Utilize incentives to motivate staff participation in compliance initiatives
OKRs to enhance security and compliance across end-user devices
- ObjectiveEnhance security and compliance across end-user devices
- KRTrain 85% of users in secure and compliant device usage practices
- Regularly monitor and record user participation rates
- Launch the training program for all users
- Develop a comprehensive secure device usage training program
- KRImplement multi-factor authentication on 90% of end-user devices
- Assess current security measures on all end-user devices
- Install and activate the identified software on 90% of devices
- Identify software for multi-factor authentication implementation
- KRMaintain 95% compliance rate on all end-user devices through regular audits
- Identify non-compliant devices for immediate action
- Regularly schedule and perform device compliance audits
- Review and adjust compliance policies as necessary
OKRs to enhance pre-audit inspection for REV Vistex controls efficiency
- ObjectiveEnhance pre-audit inspection for REV Vistex controls efficiency
- KREffectively implement at least 3 improvement suggestions by the end of the quarter
- Execute strategy and track progress
- Identify improvement suggestions from stakeholders
- Develop implementation strategy for suggestions
- KRIdentify 10 potential efficiency improvement areas in the Vistex controls testing process
- Analyze current Vistex controls testing process thoroughly
- Identify repetitive steps and potential automation opportunities
- Study error rates and uncover their causes
- KRReduce issues discovered during actual audit by 20%
- Increase education and training on audit requirements
- Implement regular self-audits to identify potential issues
- Strengthen internal controls to improve accuracy
OKRs to streamline policy and clinical documentation variations
- ObjectiveStreamline policy and clinical documentation variations
- KRConduct thorough audits on 80% of existing policy and clinical documentation
- Create strategic plan for selecting policies to audit
- Start the documentation auditing process
- Train auditing team on documentation appraisal
- KRImplement upgrades or improvements in 70% of identified discrepancy areas
- Develop plan for implementing necessary upgrades
- Prioritize identified discrepancies based on impact
- Execute improvements in selected discrepancy areas
- KRIncrease compliance in documentation alignment by 50% through targeted staff training
- Develop focused training programs on documentation compliance
- Provide feedback and ongoing support for improved alignment
- Implement regular compliance checks on staff documentation
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
Compliance And 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
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
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
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
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
Quarterly OKRs should have weekly updates to get all the 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 Compliance And Audit Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to establish a global presence and expand influence in the space industry
- OKRs to improve data analysis efficacy in higher education using Workday
- OKRs to streamline and enhance efficiency in a specific work lane
- OKRs to boost active participation from industry partners and stakeholders
- OKRs to establish and maintain a balanced and flourishing life
- OKRs to achieve efficiency in contract reviews and legal cost reduction