Which statement best describes an Authority Document in ServiceNow?

The choice that best describes an Authority Document in ServiceNow is a legal document that determines compliance obligations. Authority Documents are crucial in the context of risk management and compliance because they establish the regulatory or legal requirements that an organization must adhere to. They serve as a formal acknowledgment of the rules governing operations, detailing obligations related to compliance with laws, regulations, and standards.

Having such a document is essential for organizations as it provides a foundation for compliance programs, assuring that they understand and can systematically address their legal obligations. Authority Documents help in guiding organizations in their activities, ensuring they remain compliant with external and internal mandates.

In contrast, the other options focus on policies, project guidelines, or audit findings, which do not capture the primary essence of what an Authority Document is designed to achieve in terms of legal compliance.