Although Windows XP Professional has (a lot more) control over Security issues, Windows XP Home Edition does allow the regular user to probe around and allows to set Security settings on folders and files. Usually this is done using Safe Mode although some other shortcuts do exist.
Now, on the Settings tab there exists the possibility of auditing a directory and its' files. From what I understood, it allows to register any and all changes to the structure and the files contained on to the Event Log.
I've proceeded to test this, using a test folder and a test file (and the solution I pointed in the link). However, no thing appears to be registered in the event log.
I believe one has to allow in the Local Security Policy the possibility to audit individual folders, as explained here.
However, and as you might have figured it out, Home Edition doesn't have Group Policy. I was looking for some way to alter those values without resorting to the Group Policy but I found out Audit Settings aren't stored in the registry (source).
I'm somewhat apprehensive in using SCM (as detailed in my first link) because it was a tool made for Windows 2000 and not for XP.
This being said, I ask whether there is a way to access the Audit Settings, alter them, and finally audit a folder, in Windows XP Home Edition.