Systems Management

Process Monitor: http://www.microsoft.com/technet/sysinternals/SystemInformation/processmonitor.mspx
one of hte best tools out there for this.

It will morning all activity registry and file etc and wil catch those read/write executions.

the best method to do this will be to log on as a standard user, perform a runas on process monitor as an administrator (it requires admin rights to run). Then you run your application as the standard user and when you get error messages from the app, you look at the log to see what the item in question was.

The status you're after is "Access Denied"

Thanks for all your replies. I think I am a bit ambitious with the product I require and probably ambiguous with my request.
I am not looking for a FileMon, RegMon, ProcMon- type application. I want something which is able to run an agent on all systems in the enterprise and report back on applications which require administrative privileges in order to execute. Procmon could then be used to track which parts of the system the application requires RW etc access to.

Thanks for all your responses. Please keep them coming.

Sounds like you should just setup a test machine with all of the corporate software on it and monitor it. I think it would be much easier than what I think you're asking. Procmon will tell you the app that's getting access denied. It should give you what you're looking for.