Here is the error I had several times (Internet Explorer Branding). Process ID 2d0 (720) = winlogon.exe

USERENV(2d0.c48) 13:44:51:355 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:44:51:355 ProcessGPOs: Processing extension Internet Explorer Branding
USERENV(2d0.c48) 13:44:51:355 CompareGPOLists:  One list is empty
USERENV(2d0.c48) 13:44:51:355 ProcessGPOList: Entering for extension Internet Explorer Branding
USERENV(2d0.c48) 13:44:51:355 UserPolicyCallback: Setting status UI to Applying Internet Explorer Branding policy...
USERENV(2d0.c48) 13:44:51:355 GetWbemServices: CoCreateInstance succeeded
USERENV(2d0.c48) 13:44:51:371 ConnectToNameSpace: ConnectServer returned 0x0
USERENV(2d0.c48) 13:44:51:402 LogExtSessionStatus: Successfully logged Extension Session data
USERENV(2d0.c48) 13:44:51:886 ImpersonateUser: Failed to impersonate user with 5.
USERENV(2d0.c48) 13:44:51:886 GetUserNameAndDomain Failed to impersonate user
USERENV(2d0.c48) 13:44:51:886 GetUserDNSDomainName:  Domain name is NT Authority.  No DNS domain name available.
USERENV(bd8.8d4) 13:44:52:199 LibMain: Process Name:  C:\WINDOWS\system32\rundll32.exe
USERENV(2d0.c48) 13:45:12:214 UserPolicyCallback: Setting status UI to Applying your personal settings...
USERENV(2d0.c48) 13:45:12:621 UserPolicyCallback: Setting status UI to Applying your personal settings...
USERENV(2d0.c48) 13:45:12:621 ProcessGPOList: Extension Internet Explorer Branding returned 0x0.
USERENV(2d0.c48) 13:45:12:621 GPOExceptionFilter: Caught exception 0xc0000005, exr = 0x129ec54, cxr = 0x129ec70

USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension Internet Explorer Branding ProcessGroupPolicy threw unhandled exception 0xc0000005.
USERENV(2d0.c48) 13:45:12:636 InitializeEvents:  Could not open event log.  Error = 998
USERENV(2d0.c48) 13:45:12:636 CEvent::CEvent  Cannot log event, no handle
USERENV(2d0.c48) 13:45:12:636 CEvent::AddArg:  Cannot log event, not initialised or failed before
USERENV(2d0.c48) 13:45:12:636 CEvent::AddArgHex:  Cannot log event, not initialised or failed before
USERENV(2d0.c48) 13:45:12:636 CEvents::Report:  Cannot log event, not initialised or failed before
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension Internet Explorer Branding ProcessGroupPolicy failed, status 0x80004005.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension Group Policy Folder Options
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CheckGPOs: No GPO changes but couldn't read extension Group Policy Folder Options's status or policy time.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension Group Policy Folder Options skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension Group Policy Scheduled Tasks
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CheckGPOs: No GPO changes but couldn't read extension Group Policy Scheduled Tasks's status or policy time.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension Group Policy Scheduled Tasks skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension Group Policy Registry
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CheckGPOs: No GPO changes but couldn't read extension Group Policy Registry's status or policy time.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension Group Policy Registry skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension EFS recovery
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  One list is empty
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension EFS recovery skipped with flags 0x6.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension 802.3 Group Policy
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CheckGPOs: No GPO changes but couldn't read extension 802.3 Group Policy's status or policy time.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension 802.3 Group Policy skipped with flags 0x6.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension Group Policy Printers
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.
USERENV(2d0.c48) 13:45:12:636 CheckGPOs: No GPO changes but couldn't read extension Group Policy Printers's status or policy time.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Extension Group Policy Printers skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: -----------------------
USERENV(2d0.c48) 13:45:12:636 ProcessGPOs: Processing extension Group Policy Shortcuts
USERENV(2d0.c48) 13:45:12:636 ReadStatus: Read Extension's Previous status successfully.
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  One list is empty
USERENV(2d0.c48) 13:45:12:636 CompareGPOLists:  The lists are the same.

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Here is the error I had in shortcut preferences.

USERENV(2d0.11c) 15:06:33:831 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:33:831 ProcessGPOs: Processing extension Internet Explorer Branding
USERENV(2d0.11c) 15:06:33:831 CompareGPOLists:  One list is empty
USERENV(2d0.11c) 15:06:33:831 ProcessGPOList: Entering for extension Internet Explorer Branding
USERENV(2d0.11c) 15:06:33:831 UserPolicyCallback: Setting status UI to Applying Internet Explorer Branding policy...
USERENV(2d0.11c) 15:06:33:845 LogExtSessionStatus: Successfully logged Extension Session data
USERENV(2d0.11c) 15:06:34:110 ImpersonateUser: Failed to impersonate user with 5.
USERENV(2d0.11c) 15:06:34:110 GetUserNameAndDomain Failed to impersonate user
USERENV(2d0.11c) 15:06:34:110 GetUserDNSDomainName:  Domain name is NT Authority.  No DNS domain name available.
USERENV(2d0.f48) 15:06:34:179 GetProfileType:  Profile already loaded.
USERENV(2d0.f48) 15:06:34:179 GetProfileType: ProfileFlags is 0
USERENV(2d0.f48) 15:06:34:179 GetProfileType:  Profile already loaded.
USERENV(2d0.f48) 15:06:34:179 GetProfileType: ProfileFlags is 0
USERENV(a18.fac) 15:06:34:319 LibMain: Process Name:  C:\WINDOWS\system32\rundll32.exe
USERENV(2d0.11c) 15:06:52:184 UserPolicyCallback: Setting status UI to Applying your personal settings...
USERENV(2d0.11c) 15:06:54:176 UserPolicyCallback: Setting status UI to Applying your personal settings...
USERENV(2d0.11c) 15:06:54:176 ProcessGPOList: Extension Internet Explorer Branding returned 0x0.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOList: Extension Internet Explorer Branding was able to log data. RsopStatus = 0x0, dwRet = 0, Clearing the dirty bit
USERENV(2d0.11c) 15:06:54:176 CExtSessionLogger::Log: Didn't find an instance of the extension object when trying to set the dirty flag.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension Group Policy Folder Options
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CheckGPOs: No GPO changes but couldn't read extension Group Policy Folder Options's status or policy time.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Extension Group Policy Folder Options skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension Group Policy Scheduled Tasks
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CheckGPOs: No GPO changes but couldn't read extension Group Policy Scheduled Tasks's status or policy time.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Extension Group Policy Scheduled Tasks skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension Group Policy Registry
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CheckGPOs: No GPO changes but couldn't read extension Group Policy Registry's status or policy time.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Extension Group Policy Registry skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension EFS recovery
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  One list is empty
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Extension EFS recovery skipped with flags 0x6.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension 802.3 Group Policy
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Extension 802.3 Group Policy skipped with flags 0x6.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension Group Policy Printers
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:176 CheckGPOs: No GPO changes but couldn't read extension Group Policy Printers's status or policy time.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Extension Group Policy Printers skipped because both deleted and changed GPO lists are empty.
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: -----------------------
USERENV(2d0.11c) 15:06:54:176 ProcessGPOs: Processing extension Group Policy Shortcuts
USERENV(2d0.11c) 15:06:54:176 ReadStatus: Read Extension's Previous status successfully.
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  One list is empty
USERENV(2d0.11c) 15:06:54:176 CompareGPOLists:  The lists are the same.
USERENV(2d0.11c) 15:06:54:190 ProcessGPOList: Entering for extension Group Policy Shortcuts
USERENV(2d0.11c) 15:06:54:190 UserPolicyCallback: Setting status UI to Applying Group Policy Shortcuts policy...
USERENV(2d0.11c) 15:06:54:190 GPOExceptionFilter: Caught exception 0xc0000005, exr = 0x163e970, cxr = 0x163e98c

USERENV(2d0.11c) 15:06:54:190 ProcessGPOs: Extension Group Policy Shortcuts ProcessGroupPolicy threw unhandled exception 0xc0000005.