From what I can see on that laptop's drivers, it uses the Realtek Audio, which if fairly standard with Dell systems.  On many systems, when you install that driver, it also installs the Waves MaxxAudio Pro software. I would probably uninstall the addition audio software and at least test.  You can always reinstall Fx Sound later, if you want.
Hi, I have a dell inspiron 14 5420.I experienced a problem with the waves app When I opened the app it shows that 'the waves audio driver is not supported by your current audio codec' My current audio driver is the cirrus logic high-definition audio driver version 10.0.7.39. I have windows 11 22H2 and recently I installed an audio enhancer ' Fx sound' but I don't think the problem is with that because it worked after I installed it. If you need any other info please ask Please tell me how to fix the issue. Hope I will get a positive answer... 
Waves audio not working