"Audit Log Reports" Link Missing in SharePoint?

Problem: Audit log reports missing in SharePoint! We enabled auditing for a SharePoint Online site collection but when under site settings page, found "Audit Log Reports" link missing.

How to enable audit log reports in SharePoint?
To enable audit log reports in SharePoint On-premises or in SharePoint Online, we've to activate "Reporting" feature in Site collection features. To fix audit log reports missing issue follow these steps:

• Navigate to SharePoint site settings Page >> Click on Site collection features under Site Collection Administration
• Find "Reporting" feature. Click on activate button next to it to activate the feature.
  

This makes audit log reports available in site settings page under "Site Collection Administration" section.

Audit Log Reports URL: https://crescent.sharepoint.com/_layouts/15/Reporting.aspx?Category=Auditing