Looking from a different perspective.....if you have ever been in management, you will know that having an audit every two weeks from a different organization with varying standards and paradigms is an absurd drain on human and capital resources.
Moving to a common standard is a breath of fresh air....It might even free up time to source capital for that 208 or even reply to emails from prospective applicants
In reality, its the insurance companies set the standard. The standards the regulator sets (and not just in this country) are just a basic framework.