Logging Analytics users now have an Oracle Marketplace app that deploys a Terraform stack for collecting audit logs to get Security and Governance Insights from an Identity Cloud Service (IDCS) instance. The Oracle-defined dashboards IDCS Audit Logs and IDCS Admin Governance are automatically created to help you in monitoring.

See:

• Blog: Identity Cloud Services (IDCS) provides deep insights in cloud application usage activities
• Solution Playbook: Secure and monitor Oracle Identity Cloud Service