9 customisable OKR examples for Compliance And Audit Team
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.
Building your own Compliance And Audit Team OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable 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!
1. OKRs to boost the number of investigations and remediation of critical compliance issues
Boost the number of investigations and remediation of critical compliance issues
Boost 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
- Achieve 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
- Reduce 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
2. OKRs to identify and address all existing compliance gaps
- Ensure complete compliance across all areas of operation
- Implement 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
- Train 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
- Conduct 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
- Regularly 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
3. OKRs to achieve full cybersecurity compliance across all systems
- Achieve full cybersecurity compliance across all systems
- Implement 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
- Assess 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
- Successfully 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
4. OKRs to achieve ISO 45001 and 14001 audit readiness
- Achieve ISO 45001 and 14001 audit readiness
- Conduct 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
- Train 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
- Implement 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
5. OKRs to enhance compliance and engagement through sales audit
- Enhance compliance and engagement through sales audit
- Identify 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
- Conduct 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
- Increase 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
6. OKRs to enhance pre-audit inspection for REV Vistex controls efficiency
- Enhance pre-audit inspection for REV Vistex controls efficiency
- Effectively 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
- Identify 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
- Reduce 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
7. OKRs to streamline policy and clinical documentation variations
- Streamline policy and clinical documentation variations
- Conduct 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
- Implement 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
- Increase 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
8. OKRs to enhance Safety Layout and Operation Procedures
- Enhance Safety Layout and Operation Procedures
- Increase 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
- Train 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
- Reduce 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
9. OKRs to achieve unbreachable security and absolute compliance in SOC operations
- Achieve unbreachable security and absolute compliance in SOC operations
- Train 100% of IT staff on latest cybersecurity best practices
- Identify top cybersecurity training programs for IT staff
- Monitor and record training completion progress
- Enroll all IT staff in selected training
- Successfully complete a SOC2 Type 2 audit without any exceptions
- Implement robust information security policies and controls
- Conduct thorough pre-audit internal reviews
- Hire a reputable third-party auditor specializing in SOC2 Type 2
- Implement two-factor authentication across all system platforms
- Train employees on how to use the updated two-factor authentication system
- Update all system platforms to support chosen two-factor authentication
- Select a two-factor authentication provider suitable for our needs
Compliance And Audit Team OKR best practices to boost success
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.
Tability's audit dashboard will highlight opportunities to improve OKRsTip #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.
Tability's check-ins will save you hours and increase transparencyTip #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.
How to turn your Compliance And Audit Team OKRs in a strategy map
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 a proper OKR platform to make things easier.
Tability's Strategy Map makes it easy to see all your org's OKRsIf you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Compliance And Audit Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to implement a centralized sales data repository and reporting system
- OKRs to develop an accurate and efficient face recognition system
- OKRs to enhance employees' alignment with the organization's objectives and culture
- OKRs to enhance homepage with contextually relevant customer information
- OKRs to boost efficiency in preparing financial statements
- OKRs to implement a college access curriculum for Caribbean low-income students
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.