Audit Agent Install error "Critical Error: Test failed for agent service account on domain controller "DCNAME" Failed to open the security log Cannot open log Security on machine "DCNAME"." (4333420)

The following error is shown when installing the Audit Agent

Critical Error: Test failed for agent service account on domain controller "DCNAME"

Failed to open the security log Cannot open log Security on machine "DCNAME".

Windows has not provided an error code. Please check that you have a valid Active Directory username and

password and the account has administrator rights and has access to the Active Administrator database.

Administrator rights required to read the security log on the domain controller.