What is audit area in SAP BC-ILM - Information Lifecycle Management?

SAP Term: audit area

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: Groups ILM objects from a business perspective so as to be able to call the relevant data for auditing purposes, for example, tax audits. You can only create ILM rules for an ILM object if it assigned to an audit area.

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• Key Concepts: 
  An audit area is a logical grouping of objects in SAP Information Lifecycle Management (ILM) that can be used to manage the lifecycle of data. It is a way to organize and manage data in a structured manner. The audit area is used to define the scope of an audit, which is a process of verifying that data is being managed according to the organization's policies and procedures. 
  
  How to use it: 
  In SAP ILM, an audit area can be created by selecting the “Create Audit Area” option from the menu. This will open a dialog box where you can enter the name and description of the audit area. Once created, you can add objects to the audit area by selecting them from the list of available objects. You can also assign roles and responsibilities to users who will be responsible for managing the data within the audit area. 
  
  Tips & Tricks: 
  When creating an audit area, it is important to consider how it will be used and what objects should be included in it. It is also important to assign roles and responsibilities to users who will be responsible for managing the data within the audit area. This will ensure that all data is managed according to the organization's policies and procedures. 
  
  Related Information: 
  For more information on SAP ILM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_ILM/7.0/en-US