Audition won't open because it cannot access preference folder

I started a separate account for Audition alone on a separate computer. With fresh install of both the Creative Cloud app signed into the new account, and Audition, I repeatedly get the following message:

‘Audition cannot access the preference folder.Please make sure current user has the read/write permission to the preference folder'

Uninstall and reinstall, along with running first aid on the Mac disk have not changed this situation.

How do I adjust the preferences/where is the folder when Audition won't open?