Hi, K0MB,
I followed your instructions. Changed Log on to Admin account: same error.
All dependent services are started.
This problem only started after KB5039211 update. Maybe Asus needs to update this service?
I found this: AiSuite3 / Armory create not working - "Temporary FIX" - Cant open AsIO3.sys failed with error code 5 : r/ASUS (reddit.com)
Other users are saying the temporary solution is uninstall the update. (This worked for me too, but is not the solution)
Waiting for ASUS and Microsoft to solve this problem.
Thanks for the help.