Dude, Where's My Audit Logs?
Audit logs can provide all sorts of wonderful points of data. In the interest of identity security, we have historically seen that we can glean rich sets of information around what’s happening in a directory service with some properly functioning audit logging. For many identity practitioners, there is the expectation that while we may not always look at the audit logs or their details, if or when we need them, they’ll be there to help us understand whatever it is we are investigating. Same goes for compliance and auditing as well.
Considering that customers have no ability to impact what or how auditing happens in Entra ID, in the shared responsibility model, it’s on Microsoft to ensure all events are audited.

Shared responsibility model, courtesy Microsoft, with identity and directory infrastructure highlighted.
Microsoft documents what is audited in Entra ID, which you can find here, Azure Active Directory (Azure AD) audit activity reference – Microsoft Entra | Microsoft Learn.


