Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Internal Audit Manager 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.
Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.
We've tailored a list of OKRs examples for Internal Audit Manager to help you. You can look at any of the templates below to get some inspiration for 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 Internal Audit Manager 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.
Internal Audit Manager OKRs examples
You'll find below a list of Objectives and Key Results templates for Internal Audit Manager. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
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 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 complete the Financial Statement promptly
- ObjectiveComplete the Financial Statement promptly
- KRStreamline the auditing and approval process by 15%
- Implement automated systems to expedite the auditing process
- Reduce approval stages and unnecessary checks
- Train staff to increase proficiency in audit procedures
- KRReduce errors in financial reporting by 20%
- Provide ongoing accounting training for staff
- Implement stricter internal audit protocols
- Invest in automated financial reporting software
- KRIncrease efficiency in data collection and processing by 30%
- Streamline data validation and consolidation processes
- Train staff on efficient data management strategies
- Implement automated systems for data collection and processing
OKRs to improve the efficiency and accuracy in account maintenance
- ObjectiveImprove the efficiency and accuracy in account maintenance
- KRIntroduce an automated system for 70% of transactions to boost productivity
- Train staff in using the automated system
- Identify transactions suitable for automation
- Select and purchase suitable automation software
- KRReduce accounting errors by 20% through meticulous tracking and cross-checking
- Use accounting software for precise tracking and calculations
- Establish process for peer review before finalizing reports
- Implement regular internal audits to identify patterns of errors
- KRImprove professional knowledge by completing two accounting additional courses
- Enroll in two selected accounting courses
- Regularly attend and complete courses
- Research course options related to accounting enhancement
Internal Audit Manager 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
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
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
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 Internal Audit Manager OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance effectiveness and engagement in meetings
- OKRs to achieve timely completion of all monthly billing
- OKRs to enhance Cybersecurity Regulatory Intelligence
- OKRs to enhance our performance measurement and reporting
- OKRs to boost labor retention through strategic implementations
- OKRs to increase overall company revenue