Auditd service failing with the an error "/sbin/auditd: No such file or directory"

Issue

• auditd.service is failing with the following error:

* auditd.service - Security Auditing Service
   Loaded: loaded (/usr/lib/systemd/system/auditd.service; enabled; vendor preset: enabled)
   Active: failed (Result: exit-code) since Thu 2020-10-01 05:55:45 CDT; 19min ago
     Docs: man:auditd(8)
           https://github.com/linux-audit/audit-documentation
  Process: 70195 ExecStart=/sbin/auditd (code=exited, status=219/CGROUP)
 Main PID: 1334 (code=exited, status=0/SUCCESS)

Oct 01 05:55:45  systemd[1]: Starting Security Auditing Service...
Oct 01 05:55:45  systemd[1]: auditd.service: control process exited, code=exited status=219
Oct 01 05:55:45  systemd[1]: Failed to start Security Auditing Service.
Oct 01 05:55:45  systemd[1]: Unit auditd.service entered failed state.
Oct 01 05:55:45  systemd[1]: auditd.service failed.

• In /var/log/messages file the below error messages are found.

 systemd[70195]: Failed at step CGROUP spawning /sbin/auditd: No such file or directory
  Subject: Process /sbin/auditd could not be executed