The Application Host failed to read the settings for the application. The Application Host was unable to read the settings ...

The Application Host failed to read the settings for the application.

The Application Host was unable to read the settings for application %1. A possible reason for this is the service account does not have permissions to read from Active Directory.
Cause: Insufficient permissions for the service account.
Resolution:
Review the account the service is running under to ensure it is supported.