I had the same problem. I had a Sony Vegas prerendered export I was migrating to Premiere Pro, and I could see the waveform in the timeline, but no sound. However, none of the steps including Audio Hardware worked for me. One weird thing to throw in this is that I actually *could* hear sound at the beginning, but at about ten minutes into the video there was no sound, even though the timeline audio graph showed a sound waveform. I tried rendering a few seconds out to a video file to see if the rendered file had the same problem, and it did, there was no sound there either. Yet, the actual source footage does indeed have sound all the way through.
Right-clicking and choosing “Edit clip in Adobe Audition” revealed that the clip was silenced through most of it. Why, then, would the clip when opened directly in my video player (Windows Media Player) play back audio all the way through?
Somehow Premiere Pro was destroying the day before it got to Audition. From Audition, I went File -> Open.., then selected the Sony Vegas export clip itself, and after it loaded the full waveform was there. Whew!! Saved it as a .wav, went back to Premiere Pro, unlinked the audio from the video in the timeline to clear it, and added the .wav. Fixed!
Jon
https://www.youtube.com/MrStimpy77