9 OKR examples for Audit Manager

What are 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.

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 our OKR guide online.

Building your own Audit Manager 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.

Feel free to explore our tools:

Our Audit Manager OKRs examples

We've added many examples of Audit Manager Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.

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
  • Key ResultTrain all relevant personnel on the updated internal control processes
  • TaskIdentify personnel requiring updated controls training
  • TaskSchedule training sessions for identified personnel
  • TaskConduct evaluation post-training for effectiveness
  • Key ResultSuccessfully pass the internal audit with zero major findings
  • TaskConduct pre-audit checks to identify potential issues
  • TaskRegularly review and update company policies and procedures
  • TaskTrain staff on audit procedures and expectations
  • Key ResultImplement 100% of internal control recommendations from the previous audit
  • TaskReview past audit's internal control recommendations
  • TaskCreate an implementation plan for all recommendations
  • TaskCarry out the implementation plan effectively

OKRs to efficiently meet annual audit plan commitments

  • ObjectiveEfficiently meet annual audit plan commitments
  • Key ResultFinalize and implement a resulting action plan from 80% of audits
  • TaskDevelop action plans based on audit results
  • TaskAnalyze findings from 80% of completed audits
  • TaskImplement devised action plans systematically
  • Key ResultAchieve 100% on-time completion for all scheduled audits
  • TaskRegularly monitor audit progress and completion rates
  • TaskCreate a structured, detailed audit schedule
  • TaskAssign and communicate specific deadlines to auditors
  • Key ResultIdentify and deliver financial improvements in 2 or more audited areas
  • TaskAnalyze recent audit reports to identify areas of financial improvements
  • TaskDevelop feasible strategies to improve audited financial areas
  • TaskImplement and track the impact of the improvement strategies

OKRs to reduce overall IT expenditure per employee

  • ObjectiveReduce overall IT expenditure per employee
  • Key ResultDecrease hardware renewal cost by 20%
  • TaskIdentify and eliminate unnecessary hardware assets
  • TaskImplement preventative maintenance strategies on existing hardware
  • TaskNegotiate better contracts with hardware vendors
  • Key ResultImplement software use audits to identify 15% cost-saving opportunities
  • TaskIdentify key software used in organization operations
  • TaskAnalyze audit findings to identify cost-saving opportunities
  • TaskDevelop and implement a software auditing process
  • Key ResultAchieve a 10% reduction in IT service contractor expenses
  • TaskExplore cheaper alternatives or in-house solutions for IT services
  • TaskEvaluate current IT service contracts for potential cost-saving opportunities
  • TaskNegotify renegotiations or cancellations of costly contracts

OKRs to streamline the process of posting on multiple users' pages

  • ObjectiveStreamline the process of posting on multiple users' pages
  • Key ResultReduce the average time taken to post on 50 users' pages by 35%
  • TaskAutomate posting process using social media management tools
  • TaskTrain team in fast, effective posting techniques
  • TaskPrepare content in advance for scheduled posts
  • Key ResultImplement a new automated posting system tested by 90% of all users
  • TaskIdentify a compatible automated posting system for implementation
  • TaskTrain 90% of users in using the new system
  • TaskConduct system testing with selected users to gauge effectiveness
  • Key ResultEnsure 98% of posted content matches the individual user's page criteria perfectly
  • TaskTrain team on user's page criteria
  • TaskDevelop a rigorous content verification system
  • TaskImplement regular content audits

OKRs to enhance accuracy of general ledger amounts to 90%

  • ObjectiveEnhance accuracy of general ledger amounts to 90%
  • Key ResultConduct weekly audits of general ledger for accuracy and discrepancy detection
  • TaskRectify detected ledger inaccuracies promptly
  • TaskReview weekly transactions in general ledger
  • TaskIdentify and document any accounting discrepancies
  • Key ResultOrganize bi-weekly ledger accuracy training for the finance team
  • TaskSchedule and announce the bi-weekly training sessions to finance team
  • TaskPrepare engaging and comprehensive training materials about ledger accuracy
  • TaskDefine the key topics focussing on ledger accuracy for training sessions
  • Key ResultImplement a new streamlined ledger management software tool
  • TaskIdentify necessary features for the new ledger management software
  • TaskPurchase or develop the selected software tool
  • TaskTrain staff on how to use the new software

OKRs to streamline hardware inventory and implement asset tagging system

  • ObjectiveStreamline hardware inventory and implement asset tagging system
  • Key ResultCatalogue and organize 100% of the current hardware inventory
  • TaskSystematize hardware details using an inventory management system
  • TaskList all existing hardware assets in inventory
  • TaskCategorize hardware based on type or function
  • Key ResultDevelop a functional asset tagging system for owned devices
  • TaskImplement asset tags on each owned device
  • TaskIdentify all owned devices for cataloguing and tracking
  • TaskCreate a unique identification system for asset tags
  • Key ResultApply asset tags to 100% of owned devices successfully
  • TaskDesignate an individual to oversee the tagging process
  • TaskPurchase durable, high-quality asset tags for all owned devices
  • TaskConduct an audit to ensure that all devices are tagged

OKRs to complete the Financial Statement promptly

  • ObjectiveComplete the Financial Statement promptly
  • Key ResultStreamline the auditing and approval process by 15%
  • TaskImplement automated systems to expedite the auditing process
  • TaskReduce approval stages and unnecessary checks
  • TaskTrain staff to increase proficiency in audit procedures
  • Key ResultReduce errors in financial reporting by 20%
  • TaskProvide ongoing accounting training for staff
  • TaskImplement stricter internal audit protocols
  • TaskInvest in automated financial reporting software
  • Key ResultIncrease efficiency in data collection and processing by 30%
  • TaskStreamline data validation and consolidation processes
  • TaskTrain staff on efficient data management strategies
  • TaskImplement automated systems for data collection and processing

OKRs to improve procurement documentation through thorough auditing

  • ObjectiveImprove procurement documentation through thorough auditing
  • Key ResultPropose and implement 3 efficiency-enhancing modifications to the document auditing system
  • TaskImplement the proposed system modifications
  • TaskDevelop efficiency-enhancing modifications for the system
  • TaskIdentify inefficiencies in the current document auditing system
  • Key ResultConduct audits on 100% of free procurement documents weekly
  • TaskSchedule weekly audits for these documents
  • TaskIdentify all free procurement documents for the week
  • TaskReview and report on audit findings
  • Key ResultDetect and report at least 90% of inaccuracies or discrepancies in audited documents
  • TaskReport detected inaccuracies promptly
  • TaskEstablish a detection method for document inaccuracies
  • TaskAnalyze 100% of audited documents systematically

OKRs to ensure compliance through complete closing of audit findings for data governance

  • ObjectiveEnsure compliance through complete closing of audit findings for data governance
  • Key ResultAchieve 100% closure of existing data governance audit findings
  • TaskImplement corrections and verify completion
  • TaskReview all existing data governance audit findings
  • TaskDevelop a detailed rectification plan
  • Key ResultConduct two training sessions on data governance improvements and achieve 90% staff attendance
  • Key ResultImplement improvements highlighted from audit findings in 80% of relevant areas
  • TaskTrack and document all changes made
  • TaskIdentify areas needing improvement from audit findings
  • TaskPrioritize implementing changes in 80% of these areas

Best practices for managing your Audit Manager OKRs

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

Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.

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 Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly check-ins

Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.

Being able to see trends for your key results will also keep yourself honest.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

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.

Best way to track your Audit Manager 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.

A strategy map in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

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 Audit Manager OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.

Create more examples in our app

You can use Tability to create OKRs with AI – and keep yourself accountable 👀

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