I'm incredibly new to emulator software as well as these forums so I apologize in advance for my inexperience. If I did something wrong here, please let me know. Host is a MacBook Pro running Catalina 10.15.6, guest is Windows XP professional 32 bit SP3. The only sound card that gives me any kind of result is ICH AC97. When I start the VM, it does the classic jingle on the welcome screen but cuts out halfway through it. Small sound effects on the desktop are fine, but when I run any of the games I've downloaded, those just make no sound at all. The games themselves (ISOs of the early 2000s I Spy games) run pretty much fine. I guess maybe the VM could be getting overwhelmed by the larger sound files, but I have no idea how to fix that. Or I could be wrong, which is also extremely likely. I've been trying all day to find an answer here by myself, but as a person who literally just figured out how to use an emulator last night my efforts have been fruitless. If anybody here has any suggestions I would be eternally grateful.
It seems that your issue is related to Parallels Desktop. This board is for Parallels Remote Application Server. While support monitor the whole forum, more users will be able to see this and provide their help if it is posted in the appropriate board: https://forum.parallels.com/forums/windows-guest-os-discussion.60/