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tability.ioWhat are Assurance Audits 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.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
That's why we have created a list of OKRs examples for Assurance Audits to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Assurance Audits OKRs examples
You'll find below a list of Objectives and Key Results templates for Assurance Audits. 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 improve effectiveness and quality of assurance audits
ObjectiveImprove effectiveness and quality of assurance audits
KRReduce audit errors by 10% through augmented review processes
Train reviewers on common audit errors- Regularly update and refine review guidelines
- Implement stringent quality checks in the review process
- KRIncrease audit accuracy by 15% by implementing a new quality control system
- Train all team members on new system
- Install and configure the new system
- Research and select an effective quality control system
- KRConduct comprehensive assurance training for audit staff to bolster their audit skills
- Coordinate and conduct the training sessions
- Design an extensive assurance training program
- Identify specific skills gaps within the current audit staff
OKRs to deliver high-quality project within agreed timeframe
- ObjectiveDeliver high-quality project within agreed timeframe
- KRConduct thorough quality audits biweekly to maintain zero critical issues
- Review audit findings and address identified issues
- Implement solutions and ensure no critical issues
- Schedule biweekly audits for monitoring system quality
- KRAchieve weekly milestone targets on schedule 100% of the time
- Break down complex tasks into manageable actions for daily execution
- Dedicate specific hours daily to solely focus on milestone-related tasks
- Prioritize tasks based on deadline, not on ease or personal preference
- KRAttain minimum 90% acceptance rate on first completion of tasks
- Improve work comprehension through training sessions
- Iteratively monitor and adjust task execution strategies
- Schedule regular feedback and improvement discussions
OKRs to ensure punctual and high-quality project delivery
- ObjectiveEnsure punctual and high-quality project delivery
- KRImplement quality audits for all processes, reducing defects by 20%
- Identify all processes requiring quality audits
- Develop appropriate audit criteria and procedures
- Implement and monitor audit results for defect reduction
- KRAchieve 95% or more project completion success rate
- Regularly monitor, evaluate, and adjust project progress
- Implement meticulous project planning and clear goal setting
- Provide necessary resources and skills training to the team
- KRDecrease project timeline deviations by 30%
- Regularly monitor and assess project progress
- Provide timely corrections to any identified deviations
- Implement strict adherence to predetermined project schedules
How to write your own Assurance Audits 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.
Assurance Audits 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.
How to track your Assurance Audits OKRs
Your quarterly OKRs should be tracked weekly in order 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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
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 Assurance Audits OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance our organization's cybersecurity risk assessment approach
- OKRs to boost sales to achieve profitable standing
- OKRs to streamline the entire recruitment process for efficiency
- OKRs to revamp system solutions to maximize quality
- OKRs to maximizing ecommerce growth through improved email marketing strategy
- OKRs to optimize PATTERNS's water resource sustainability and quality