Before doing anything technical, close Premiere completely and relaunch it. If the error started after you unplugged or plugged in an audio device, a fresh launch forces Premiere to re-scan your current hardware.
Sometimes the error only appears on one specific project. Create a , then use File > Import to bring your old sequence into the fresh project. Corrupted audio renderer data doesn’t always carry over. unable to create audio renderer premiere pro
The good news: you almost never lose your work. Before doing anything technical