I think I am experiencing the same issue here; the symptoms seem the same.
The voltage out of the regulator is 5.04v.
Voltage at pin 2 of IC1 is 3.98v, pin 7 of IC1 is 4.96, pins 15 and 16 of IC1 read 0.06v
I am not sure how to check that Pins 8 and 22 of IC1 are grounded, but I don't get any reading from them. (0v)
I did not find the troubleshooting guide saunter makes reference to, so I have not added C10 and R2, and I have left the speaker soldered on.
I re-soldered the pins on the socket and on R1 and the speaker.
Attached are pictures of the top and bottom views of the board. Is there something else that I can check?
Bottom-view.

- Bottom-view of the board
- WP_002705.jpg (916.71 KiB) Viewed 479 times
Top-view

- Top-view of the board
- WP_002706.jpg (832.25 KiB) Viewed 479 times