Aside from being an Event Viewer on steroids, Event Log Monitor provides you a single launch point for daily administrative tools. You can start the Registry Editor, Server and User Managers ...

This post explains Audit Success or Failure in Event Viewer generated by changes to accounts, objects, policies, privileges, & other system events.

Sysinternals Sysmon is a system monitor tool for Windows to monitor the health of Windows OS, using system log files. Available as a free download from Microsoft.