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tability.ioWhat are Compliance 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 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.
Compliance Audit Team OKRs examples
You will find in the next section many different Compliance 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 establish an efficient, regulations-compliant team
- ObjectiveEstablish an efficient, regulations-compliant team
- KRAchieve a 95% satisfactory score on Quarterly Compliance Review report
- Implement internal compliance audit prior to review
- Review and improve current compliance policies and procedures
- Conduct regular staff training on compliance standards
- KRRecruit and onboard 5 experts with compliance experience by quarter-end
- Create a detailed job description for compliance experts
- Advertise job openings on relevant platforms
- Develop a comprehensive onboarding program for new hires
- KRArrange and complete a comprehensive training program for all team members
- Schedule training sessions for all team members
- Create a detailed training curriculum covering necessary skill sets
- Monitor participation and progress throughout program
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 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 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 achieve full adherence to all regulatory compliance standards
- ObjectiveAchieve full adherence to all regulatory compliance standards
- KRCorrect or address at least 95% of identified non-compliant elements
- Implement compliant alternatives or fixes for identified issues
- Prioritize non-compliance issues based on severity
- Identify all non-compliant elements within the system
- KRPass an external audit with a minimum score of 90% compliance
- Conduct internal audits to ensure compliance
- Implement necessary changes to meet compliance standards
- Review and understand all compliance guidelines thoroughly
- KRImplement a comprehensive training program for all employees on regulatory compliance
- Schedule and implement mandatory training sessions for all employees
- Determine necessary regulatory compliance topics for training
- Source or create compliance training materials and resources
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 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
OKRs to implement robust data privacy compliance framework
- ObjectiveImplement robust data privacy compliance framework
- KRConduct comprehensive audits of 75% of current processes for data privacy compliance
- Execute audits on 75% of selected processes for compliance review
- Train employees on conducting comprehensive data privacy compliance audits
- Identify existing processes and determine which require data privacy audits
- KRAchieve 0 data breaches due to non-compliance with privacy regulations
- Implement updated privacy regulations organization-wide
- Run periodic data protection audits
- Conduct regular privacy compliance training
- KRTrain 100% of staff on data privacy laws and regulations by quarter end
- Develop comprehensive data privacy training program
- Schedule mandatory training sessions for all staff
- Monitor and confirm staff training completion
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
How to write your own Compliance Audit Team OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe your goals
Tability will then use your prompt to generate a fully editable OKR template.
Watch the video below to see it in action 👇
Option 2. Optimise existing OKRs with Tability Feedback tool
If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability 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.
You can then decide to accept the suggestions or dismiss them if you don't agree.
Option 3. Use the free OKR generator
If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.
Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.
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
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.
How to track your Compliance Audit Team OKRs
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.
If 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 Audit Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to develop comprehensive RFP questions for payroll and HR solutions
- OKRs to achieve an 80% first contact resolution (FCR) across all inboxes
- OKRs to boost material input in inventory system
- OKRs to conduct comprehensive market intelligence on competitors
- OKRs to develop a unified platform for third-party data delivery to mobile apps
- OKRs to build a comprehensive and user-friendly HR platform