@Swapnil Khamkar, Thanks for posting in Q&A. Based on my researching, there is no direct way to link audit logs to a specific role, group, or privilege, you can use the information provided in the logs to determine who initiated the action ("Initiated by" field) and "Target(s)" field which targets were affected.
Meanwhile, you can feedback in the following link to request the feature and see if we can get this in the future:
https://feedbackportal.microsoft.com/feedback/forum/ef1d6d38-fd1b-ec11-b6e7-0022481f8472
Best regards.
Crystal
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