diff --git a/eventarc/audit_iam/main.py b/eventarc/audit_iam/main.py
new file mode 100644
index 000000000000..e7c9a603b986
--- /dev/null
+++ b/eventarc/audit_iam/main.py
@@ -0,0 +1,71 @@
+# Copyright 2023 Google LLC.
+#
+# Licensed under the Apache License, Version 2.0 (the "License");
+# you may not use this file except in compliance with the License.
+# You may obtain a copy of the License at
+#
+#    http://www.apache.org/licenses/LICENSE-2.0
+#
+# Unless required by applicable law or agreed to in writing, software
+# distributed under the License is distributed on an "AS IS" BASIS,
+# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+# See the License for the specific language governing permissions and
+# limitations under the License.
+
+# [START eventarc_audit_iam_server]
+import json
+import os
+
+from cloudevents.http import from_http
+from flask import Flask, request
+from google.events.cloud.audit import LogEntryData
+
+app = Flask(__name__)
+if __name__ == "__main__":
+    app.run(debug=True, host="0.0.0.0", port=int(os.environ.get("PORT", 8080)))
+
+# [END eventarc_audit_iam_server]
+
+
+# [START eventarc_audit_iam_handler]
+@app.route("/", methods=["POST"])
+def index():
+    # Transform the HTTP request into a CloudEvent
+    event = from_http(request.headers, request.get_data())
+
+    # Extract the LogEntryData from the CloudEvent
+    # The LogEntryData type is described at https://cloud.google.com/logging/docs/reference/v2/rest/v2/LogEntry
+    # re-serialize to json, to convert the json-style 'lowerCamelCase' names to the protobuf-style 'snake_case' equivalents.
+    # ignore_unknown_fields is needed to skip the '@type' fields.
+    log_entry = LogEntryData.from_json(
+        json.dumps(event.get_data()), ignore_unknown_fields=True
+    )
+
+    # Ensure that this event is for service accout key creation, and succeeded.
+    if log_entry.proto_payload.service_name != "iam.googleapis.com":
+        return ("Received event was not from IAM.", 400)
+    if log_entry.proto_payload.status.code != 0:
+        return ("Key creation failed, not reporting.", 204)
+
+    # Extract relevant fields from the audit log entry.
+    # Identify the user that requested key creation
+    user = log_entry.proto_payload.authentication_info.principal_email
+
+    # Extract the resource name from the CreateServiceAccountKey request
+    # For details of this type, see https://cloud.google.com/iam/docs/reference/rpc/google.iam.admin.v1#createserviceaccountkeyrequest
+    service_account = log_entry.proto_payload.request["name"]
+
+    # The response is of type google.iam.admin.v1.ServiceAccountKey,
+    # which is described at https://cloud.google.com/iam/docs/reference/rpc/google.iam.admin.v1#google.iam.admin.v1.ServiceAccountKey
+    # This key path can be used with gcloud to disable/delete the key:
+    # e.g. gcloud iam service-accounts keys disable ${keypath}
+    keypath = log_entry.proto_payload.response["name"]
+
+    print(f"New Service Account Key created for {service_account} by {user}: {keypath}")
+    return (
+        f"New Service Account Key created for {service_account} by {user}: {keypath}",
+        200,
+    )
+
+
+# [END eventarc_audit_iam_handler]
diff --git a/eventarc/audit_iam/main_test.py b/eventarc/audit_iam/main_test.py
new file mode 100644
index 000000000000..57e036e1fc82
--- /dev/null
+++ b/eventarc/audit_iam/main_test.py
@@ -0,0 +1,64 @@
+# Copyright 2023 Google LLC.
+#
+# Licensed under the Apache License, Version 2.0 (the "License");
+# you may not use this file except in compliance with the License.
+# You may obtain a copy of the License at
+#
+#    http://www.apache.org/licenses/LICENSE-2.0
+#
+# Unless required by applicable law or agreed to in writing, software
+# distributed under the License is distributed on an "AS IS" BASIS,
+# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+# See the License for the specific language governing permissions and
+# limitations under the License.
+from uuid import uuid4
+
+from cloudevents.conversion import to_binary
+from cloudevents.http import CloudEvent
+
+import pytest
+
+import main
+
+
+ce_attributes = {
+    "id": str(uuid4),
+    "type": "com.pytest.sample.event",
+    "source": "<my-test-source>",
+    "specversion": "1.0",
+}
+
+
+@pytest.fixture
+def client(request):
+    main.app.testing = True
+    return main.app.test_client()
+
+
+def test_endpoint(client, capsys):
+    rawobj = {
+        "protoPayload": {
+            "@type": "....",
+            "service_name": "iam.googleapis.com",
+            "status": {
+                "code": 0,
+            },
+            "authenticationInfo": {"principalEmail": "user@example.com"},
+            "request": {
+                "name": "projects/-/serviceAccounts/service-account@my-project.iam.gserviceaccount.com"
+            },
+            "response": {
+                "name": "projects/my-project/serviceAccounts/service-account@my-project.iam.gserviceaccount.com/keys/deadbeef"
+            },
+        },
+    }
+    event = CloudEvent(ce_attributes, rawobj)
+    headers, body = to_binary(event)
+
+    r = client.post("/", headers=headers, data=body)
+    assert (
+        "New Service Account Key created for projects/-/serviceAccounts/service-account@"
+        in r.text
+    )
+
+    assert "by user@example.com" in r.text
diff --git a/eventarc/audit_iam/requirements-test.txt b/eventarc/audit_iam/requirements-test.txt
new file mode 100644
index 000000000000..c2845bffbe89
--- /dev/null
+++ b/eventarc/audit_iam/requirements-test.txt
@@ -0,0 +1 @@
+pytest==7.0.1
diff --git a/eventarc/audit_iam/requirements.txt b/eventarc/audit_iam/requirements.txt
new file mode 100644
index 000000000000..de430fcbd6c7
--- /dev/null
+++ b/eventarc/audit_iam/requirements.txt
@@ -0,0 +1,5 @@
+Flask==2.1.0
+gunicorn==20.1.0
+google-events==0.10.0
+cloudevents==1.9.0
+googleapis-common-protos==1.59.0
\ No newline at end of file