Is there an easy way to log all commands executed, including command line arguments?

I am trying to find how to log a specific instantiation of rrdtool to see whether the path it is receiving is incorrect. I know I could wrap the executable in a shell script that would log the parameters, but I was wondering if there was a more kernel-specific way to monitor for that, perhaps a filesystem callback that sees when a particular /proc/pid/exe matches a given binary?