While auditing can also be done in the Security & Compliance admin center, it's done differently in Exchange, and the dissimilarities are enough to make it worth addressing here:
Auditing
On the auditing page, there are several links to specific reports, which are pre-built with the appropriate keywords to find the items specified by the report description. Reports include an administrator role group report, an admin audit log report that tracks changes made by administrators, an In-Place eDiscovery and Hold report, a per-mailbox Litigation Hold report, and so on.
One of the major differences between auditing in Exchange and in the ...
