This new product maybe of interest:

http://www.idera.com/Products/SQLcm/

Auditing and Continuous Compliance for SQL Server

Designed in partnership with major auditing firms and leading security experts, Idera's SQL compliance manager provides a powerful auditing and compliance solution for Microsoft SQL Server users. SQL compliance manager provides: low overhead data collection, a central repository of audit data, a central management console, pre-defined compliance reports, an auditors console for ad-hoc queries, reporting and forensic analysis, and efficient, secure data archival. If you are tasked with ensuring compliance to external standards such as Sarbanes-Oxley, GLBA, HIPAA, Basel II, need to meet the requirements of internal auditors, or simply need to feel comfortable with your database security model, then SQL compliance manager is an essential component of your SQL Server management infrastructure.