5 OKR examples for Auditing Team

What are Auditing 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.

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 Auditing 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 Auditing 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.

Feel free to explore our tools:

Our Auditing Team OKRs examples

We've added many examples of Auditing Team 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 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 enhance partnership with business for valuable audit plan fruition

  • ObjectiveEnhance partnership with business for valuable audit plan fruition
  • Key ResultInitiate 3 strategic discussions with business stakeholders to identify potential audit areas
  • TaskPrep for discussions by assessing potential audit zones
  • TaskIdentify key business stakeholders for strategic discussions
  • TaskSchedule meetings with stakeholders to discuss audit areas
  • Key ResultGenerate 5+ tangible value creation strategies born from audit insights
  • TaskBrainstorm and develop potential value creation strategies
  • TaskEvaluate and finalize top five strategies for implementation
  • TaskIdentify key insights from previous audit reports
  • Key ResultAchieve 100% progression on the determined annual audit plan
  • TaskDetermine key priorities, resources and timeframe for the annual audit
  • TaskRegularly review the audit's progress and address any issues promptly
  • TaskEnsure thorough communication with relevant personnel throughout the audit process

OKRs to minimize inaccuracies in financial statements

  • ObjectiveMinimize inaccuracies in financial statements
  • Key ResultDecrease financial statement errors by 20%
  • TaskRegularly review and correct financial statements
  • TaskImplement rigorous bookkeeping training for accounting staff
  • TaskIncorporate robust financial auditing software
  • Key ResultTrain finance team on latest reporting guidelines within 1 month
  • TaskPlan training sessions to cover these updates
  • TaskIdentify recent changes in financial reporting guidelines
  • TaskExecute planned training for finance team
  • Key ResultImplement new audit checklist for 100% of statements
  • TaskTrain auditors to properly utilize the new checklist
  • TaskImplement checklist across all statement reviews
  • TaskDevelop comprehensive audit checklist aligned with financial statement requirements

OKRs to achieve 100% productivity in financial statement preparation

  • ObjectiveAchieve 100% productivity in financial statement preparation
  • Key ResultIncrease financial statement preparation speed by 20% without errors
  • TaskImplement automated accounting software for faster data processing
  • TaskStreamline and simplify the financial reporting process
  • TaskConduct regular training on accurate and quick data entry
  • Key ResultImplement an effective workflow to process all financial reports within schedule
  • TaskImplement regular check-ins to monitor progress
  • TaskEstablish clear deadlines for all financial report processes
  • TaskAssign specific tasks to designated team members
  • Key ResultAttain absolute accuracy in 95% of prepared financial statements, as assessed by audits
  • TaskEstablish comprehensive training for finance team
  • TaskImplement strict quality control in financial reporting
  • TaskConduct regular internal audits for immediate correction

OKRs to achieve 90% accuracy in financial statement preparation

  • ObjectiveAchieve 90% accuracy in financial statement preparation
  • Key ResultReduce errors in trial balances by 20% to ensure accurate financial reports
  • TaskImplement double-entry bookkeeping for accurate records
  • TaskReview trial balances weekly for discrepancies
  • TaskTrain staff in reconciliation techniques annually
  • Key ResultSuccessfully incorporate feedback from 2 financial audits to improve reporting accuracy
  • TaskReview the feedback received from both financial audits
  • TaskDetermine needed changes and improvements in reporting
  • TaskImplement changes and check their effectiveness regularly
  • Key ResultComplete a specialized course on financial statements and pass with at least 85% score
  • TaskTake the final course exam, aiming for 85% or higher
  • TaskConsistently study to grasp course content thoroughly
  • TaskResearch and enroll in a reputable financial statements course

Best practices for managing your Auditing Team 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 πŸ‘‡

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 Auditing 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.

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 Auditing Team 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 πŸ‘€

Tability is a unique goal-tracking platform built to save hours at work and help teams stay on top of their goals.

Signup1 Create your workspace
Signup2 Build plans in seconds with AI
Signup3Track your progress