7 OKR examples for Audit Manager
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 Manager 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 more about the OKR meaning online.
Best practices for OKR
Your objectives should be ambitious, but achievable. Your key results should be measurable and time-bound. It can also be helfpul to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Building your own OKRs with AI
While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.
- Use our free OKRs generator
- Use Tability, a complete platform to set and track OKRs and initiatives – including a GPT-4 powered goal generator
How to track OKRs
Quarterly OKRs should have weekly updates to get all the benefits from the framework.
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKRs-tracking platform to make things easier.
We recommend Tability for an easy way to set and track OKRs with your team.
Check out the 5 best OKR tracking templates to find the best way to monitor progress during the quarter.
Audit Manager OKRs templates
We've added Audit Manager Objectives and Key Results, but also the initiatives that relate to the OKRs.
OKRs to enhance internal controls for a zero-deficiency internal audit
Enhance internal controls for a zero-deficiency internal audit
Train 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
- Successfully 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
- Implement 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 efficiently meet annual audit plan commitments
- Efficiently meet annual audit plan commitments
- Finalize and implement a resulting action plan from 80% of audits
- Develop action plans based on audit results
- Analyze findings from 80% of completed audits
- Implement devised action plans systematically
- Achieve 100% on-time completion for all scheduled audits
- Regularly monitor audit progress and completion rates
- Create a structured, detailed audit schedule
- Assign and communicate specific deadlines to auditors
- Identify and deliver financial improvements in 2 or more audited areas
- Analyze recent audit reports to identify areas of financial improvements
- Develop feasible strategies to improve audited financial areas
- Implement and track the impact of the improvement strategies
OKRs to reduce overall IT expenditure per employee
- Reduce overall IT expenditure per employee
- Decrease hardware renewal cost by 20%
- Identify and eliminate unnecessary hardware assets
- Implement preventative maintenance strategies on existing hardware
- Negotiate better contracts with hardware vendors
- Implement software use audits to identify 15% cost-saving opportunities
- Identify key software used in organization operations
- Analyze audit findings to identify cost-saving opportunities
- Develop and implement a software auditing process
- Achieve a 10% reduction in IT service contractor expenses
- Explore cheaper alternatives or in-house solutions for IT services
- Evaluate current IT service contracts for potential cost-saving opportunities
- Negotify renegotiations or cancellations of costly contracts
OKRs to streamline the process of posting on multiple users' pages
- Streamline the process of posting on multiple users' pages
- Reduce the average time taken to post on 50 users' pages by 35%
- Automate posting process using social media management tools
- Train team in fast, effective posting techniques
- Prepare content in advance for scheduled posts
- Implement a new automated posting system tested by 90% of all users
- Identify a compatible automated posting system for implementation
- Train 90% of users in using the new system
- Conduct system testing with selected users to gauge effectiveness
- Ensure 98% of posted content matches the individual user's page criteria perfectly
- Train team on user's page criteria
- Develop a rigorous content verification system
- Implement regular content audits
OKRs to streamline hardware inventory and implement asset tagging system
- Streamline hardware inventory and implement asset tagging system
- Catalogue and organize 100% of the current hardware inventory
- Systematize hardware details using an inventory management system
- List all existing hardware assets in inventory
- Categorize hardware based on type or function
- Develop a functional asset tagging system for owned devices
- Implement asset tags on each owned device
- Identify all owned devices for cataloguing and tracking
- Create a unique identification system for asset tags
- Apply asset tags to 100% of owned devices successfully
- Designate an individual to oversee the tagging process
- Purchase durable, high-quality asset tags for all owned devices
- Conduct an audit to ensure that all devices are tagged
OKRs to improve procurement documentation through thorough auditing
- Improve procurement documentation through thorough auditing
- Propose and implement 3 efficiency-enhancing modifications to the document auditing system
- Implement the proposed system modifications
- Develop efficiency-enhancing modifications for the system
- Identify inefficiencies in the current document auditing system
- Conduct audits on 100% of free procurement documents weekly
- Schedule weekly audits for these documents
- Identify all free procurement documents for the week
- Review and report on audit findings
- Detect and report at least 90% of inaccuracies or discrepancies in audited documents
- Report detected inaccuracies promptly
- Establish a detection method for document inaccuracies
- Analyze 100% of audited documents systematically
OKRs to ensure compliance through complete closing of audit findings for data governance
- Ensure compliance through complete closing of audit findings for data governance
- Achieve 100% closure of existing data governance audit findings
- Implement corrections and verify completion
- Review all existing data governance audit findings
- Develop a detailed rectification plan
- Conduct two training sessions on data governance improvements and achieve 90% staff attendance
- Implement improvements highlighted from audit findings in 80% of relevant areas
- Track and document all changes made
- Identify areas needing improvement from audit findings
- Prioritize implementing changes in 80% of these areas
More OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to increase lead generation from organic and paid social media outlets
- OKRs to enhance Credatec's internal procedures for superior efficiency
- OKRs to successfully complete the GPU component
- OKRs to improve data analysis efficacy in higher education using Workday
- OKRs to enhance the efficiency and reliability of IT services
- OKRs to expand legal and regulatory resources network
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: Complete 2024 OKR cheat sheet
- Blog posts: ODT Blog
- Success metrics: KPIs examples