Event ID 7023 Service Control Manager

I am getting the below error too frequently in Event Viewer, I am afraid this could not lead to a serious problem. First of all I am not using DHCP services to assign IP address to client computers. We are using Static IP Address in our network. This is an Application Server not a domain controller, before the same event type error was logged in Domain controller which I have rectified by right clicking on the DHCP Services and select properties then selected the tab Logon and change it NT AUTHORITY\NetworkService to Local System Account. But In Application server this could not working and now it is giving another Event ID i.e. 7001. I am not sure whether the DHCP Services is corrupted or there is any other issue.
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Event Type:      Error
Event Source:      Service Control Manager
Event Category:      None
Event ID:      7023
Date:            05/10/2010
Time:            10:12:11 AM
User:            N/A
Computer:      XXXXXXX
Description:
The DHCP Client service terminated with the following error:
Access is denied.

For more information, see Help and Support Center at http://go.microsoft.com/fwlink/events.asp.
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Event Type:      Error
Event Source:      Service Control Manager
Event Category:      None
Event ID:      7001
Date:            01/10/2010
Time:            13:58:09 PM
User:            N/A
Computer:      XXXXXXXXX
Description:
The WinHTTP Web Proxy Auto-Discovery Service service depends on the DHCP Client service which failed to start because of the following error:
%%0

For more information, see Help and Support Center at http://go.microsoft.com/fwlink/events.asp.
bluepeach19Asked:
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johnb6767Commented:
Just for kicks, try resetting the permissions on the following reg key....

HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\services\Dhcp

If youre not using it (you are not using it if you are using static IP addresses) do you need the "WinHTTP Web Proxy Auto-Discovery Service" running? If not, they can both be safely disabled....

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johnb6767Commented:
Oh, and by resetting it, I would just open the key's permissions, and select Advanced, and select the top checkbox, to include Inheritable Permissions, and the second checkbox to push them to the child objects......
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bluepeach19Author Commented:
Dear Johnb6767, Can you advise me how can i reset the permissions on the above reg key. I have tried to look for it but i couldn't find anything related to resetting though i have check the Advanced and Second check box Replace permission entries on all child objects.....

But the thing is how can i reset the permission. can you please help me on this
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johnb6767Commented:
That was a reset, by checking the boxes, basically....
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bluepeach19Author Commented:
Thank you for the support
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