Thank you for your reply. Appreciated.
I have configured the SYSLOG server on the Policy manager to forward the Audit log. But there is no packets received from Policy manager and Syslog server.  The port 514 UDP is opened. Please suggest how to fix the issue.  I highly appreciate your help.  Please let me know if you need any details. Look forward to your reply.  
SRS Policy manager syslog forwarding issue