Cubase 10.5 audio not in sync with cursor

I’m having a very strange problem. When I hit play the audio starts before the cursor reaches the audio in the project window! It seems to be consistently 2 beats out of sync. In other words, if the audio track starts at bar 9 I hear audio when the cursor gets to beat 3 of bar 8.

Hope this makes sense. Obviously editing is impossible with this problem. Please advise. Thank you!