The executable gets signed with invalid entitlements in Xcode
I grappled with this issue for an hour, and finally found a fix. Turned out the Development Team was different in ProjectTarget and ProjectTests.
I found out the problem. The app I created on developer.apple.com does not include inter-app-audio. The project entitlements plist file on Xcode has inter-app-audio set to YES (by default). Once I changed the setting on my app configuration on developer.apple.com to enable the inter-app-audio. Then my app runs on my devices. I guess that is apple's new rule to make your app settings consistent on both developer.apple.com and your xcode project setting.