Auditing process records and monitors all activities related to configuration, security, and data changes to the business objects in an application. It tracks creation and modification information of the business object attributes. The audit information is independent of any user intervention.

In Oracle Financials Cloud, we can configure audit policies for business objects and select the attributes to be audited. By default audit is disabled for all the business objects. To enable and define audit, user should have a role with privilege 'Manage Audit Policies' (FND_MANAGE_AUDIT_POLICIES_PRIV).

Audit Configuration

Search for 'Manage Audit Policies' task in Setup and Maintenance to enable audit for business object attributes. Audit level should be set to Auditing on the Manage Audit Policies page in order to select business objects and attributes for auditing.

The objects and its attributes have to be selected at 'Configure Business Object Attributes' page.

Business Objects across following areas can be enabled for Auditing-

-        -  Advanced Collections

-        -  Assets

-        -  Bill Management

-        -  Budgetary Control

-        - Cash Management

-        -  Expenses

-        -  General Ledger

-        -  Intercompany

-        -  Legal Entity Configuration

-        -  Payables and Payments

-        -  Receivables

-        -  Revenue Management

-        -  Subledger Accounting

-         - Tax

Object details can be referred from Oracle Documentation

Audit Report

Audit Report can be generated at Audit Reports work area based on search parameters entered. The report output can be exported to excel for further analysis.

Below are the steps listed to enable audit and generate Audit Report (Example - Payables Invoices):

Define Audit Attributes

 Search for 'Manage Audit Policies' task in Setup and Maintenance

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2.       Click on 'Configure Business Object Attributes' button

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3.       Select the Product as Payables. List of Payables Objects appear thereafter

4.       Select the Object for which related attributes need to be enabled

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.          To enable the attribute, click on + sign for the object under Audited Attribute section

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6.       List of attributes appears. Select the ones that are required to be enabled for auditing.

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 .         Click Ok.      

8.        Select Actionà Synchronize

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9.        After Synchronization process completes, Save and Close.

Audit Report

1.       Navigate to Audit Reports

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2.       The Objects enabled will appear under Business Object Type parameter

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3.       Select the query parameters and search

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4.       Click on Show attribute details to fetch all the attribute details

5.       The report can also be exported in excel.

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In case business decides to not get the application audited, set the Audit Level option to 'None' at Manage Audit Policies page to stop auditing.