Do you know a basis for that? My understanding, though limited, is that they have incredible expertise - and we can see their outstanding results. Also, IME, this claim is used by many industries to assert that they shouldn't be subject to regulation, and (IME) it's always false.

Of course it is false. Even if the regulation ultimately can't be enforced due to lack of the right people, the players can still be subject to the regulation. The two are not logically associated.

Nobody is making that claim, though. What is the significance of this fun anecdote you pulled randomly from a hat?

Pass regulation that requires audit and certification by a rated and licensed authority that isn't necessarily the government itself. As a publicly traded company Boeing already has to do this with its books; why not with its product too?

I'm sure that E&Y, Deloitte, KPMG, or PwC would love a crack at a new market and they've certainly got the money to hire away from manufacturers.