A new audit option “password” audits these actions.
sp_passwordpolicy 'set', 'option_name', 'option_value'
sp_passwordpolicy 'clear', 'option_name'
sp_passwordpolicy 'expire login passwords'
sp_passwordpolicy 'expire stale login passwords'
sp_passwordpolicy 'regenerate keypair'
sp_passwordpolicy 'expire role passwords'
sp_passwordpolicy 'expire stale role passwords'
The “list” option
is not an audited action.