ENTITY: - **Virgin Galactic**
DATE: 13-03-2026

**Forensic Audit Memo – Virgin Galactic (Space Tourism)**

1. **Objective:** Conduct a technical review of financial controls, revenue recognition, and regulatory compliance in Virgin Galactic’s space tourism operations.
2. **Scope:** Examine transactional integrity, cost allocation for spaceflight development, and adherence to FAA and SEC reporting standards.
3. **Findings:** Identify discrepancies in R&D expense classification, potential misalignment with ASC 606 revenue recognition, and gaps in vendor due diligence for suborbital launch systems.
4. **Recommendations:** Implement enhanced audit trails for spaceflight ticket sales, reassess R&D capitalization policies, and conduct a compliance review of FAA Part 460 licensing documentation.

**Prepared by:** [Your Name/Department]
**Date:** [Insert Date]

[NOTARIZED BY 2A AGENCY]