I read that this is part of the AMD TrueAudio function. I have two systems with APU A10-7870K CPUs and I get this on my main system after installing new W10 driver 16.9.2. The sound driver was updated to 10.0.1.0. On my wife's system which has not be updated and has 10.0.0.2 does not have this event error.
I used to get the same error a lot, but in my case it did cause problems quite often as my would computer completely freeze right after it. Black screen and boom, I had to hardreset it. Sometimes it would even freeze during right after loading windows inmedialty after the first crash.
I solved it by using the Display Driver Uninstaller tool from Guru3d and installing the drivers again. Apparently GPU manufacturers haven't figured out yet how to properly remove their own old drivers from a system so you have to use tool developed by a 3rd party.