yes it is but its not only the IAA. How much money do you think BA passes into the UK CAA's hands.
But of course it doesn't influence regulatory decision making or oversight of the airlines
Interesting quote from another thread on pprune, says it all really
In the modern world the political nations are governed by separation of powers. There are the executives, the lawmakers and the judges. (i will not contest the new power, the media, having a big impact as well).
In aviation there was a comparable set up with the company executives, the aviation authorities and the genuine postholders of safety within the company or some NTSB. (the unions also playing a part in it).
Today the company executives pay all of them and practically own them at least politically through economical blackmail. Rising big powers in Asia are set up in dictatorship countries anyway. The unions are almost eliminated and the media is so incompetent, that their impact is controllable. The big manufacturers play along, as it serves them well. The outcome is blatantly readable on more and more accident reports, but only for insiders, as it is well masked by the mighty interest groups.
It will not change, as it works nicely on the bonus side. Victims don't matter as long as the numbers stay below an unfortunately very high public trigger.
So brace for more automatic induced and low training enhanced accidents. The warnings on threads like this will only serve as cover-up in a future rude awakening.