The business partner &1 has not been assigned

What causes this issue?

An error occurred while assigning business partner &V1& to the audit
component.

System Response

Business partner &V1& will not be assigned to the audit component.

How to fix this error?

Check the entries.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.