We've just updated the Recommended Alerts and Reports for SharePoint (LOGbinder SP) which you can find at http://www.logbinder.com/Form/SPReportSpecs.

Updates include

• coverage of new events and features in LOGbinder SP 3.0. 
• new recommended alert rules
• important notes and explanations regarding "insertion strings", how date/time works in LOGbinder SP and information about the 2 possible "event log sources" that LOGbinder SP events can bear.

This free resource is valuable for anyone looking for tips and recommendations on creating reports or alert rules for SharePoint audit events.