I have a number of DB's on the server and I thought the AuditLevel is for the entire DB Server as there isn't any Security Tab if you look at the properties of the individual instances.
under HKEY_LOCAL_MACHINE I have performed a serach for AuditLevel and it returned only 2 rows,
1. (Default)REG_SZ MSSQLSERVER
2. (AuditLevel)REG_DWORD 0x00000003 (3)
Thanks,
Philip