if you were having same issue as me... here it goes...
I just unpacked the Audiobox and downloaded the software. I installed as instructed. Opened Studio One, and during its startup error initializing audiobox and recording is disabled (more or less).
Your Windows Settings:
Check your input and output advanced settings and make sure they are both 44.1khz _ 24 or 16bit is your choice, but Studio One and Windows have to clock on the same sample rate as one another; and the input and output bit-rates have to match one another. You can rename your input and output there as well.
Your Presonus Settings:
Now open Studio One. It may not initialize, ignore that.
Once in Studio One, go to it's Audio Settings button and select Audiobox as your device, NOT Windows Audio. I will not say that this is how it is recommended to be set up, but it absolutely solved my issue.