I do this for a living and if there is one thing that I have found it is that due to COVID-19 on-site visits are no longer an option (especially not internationally) and this has caused us to be blind to certain classes of problems. It is a lot of work to get around that remotely and to not have a drop in quality because of that. We are at least aware of the problem but even then this is a tricky thing to solve. When looking through a keyhole you can get a completely different view of a company than the one you get when you spend a day on their premises.
Beyond your fair points, my statement is unfair because it's trivially true. "Transparency into critical vetting" hides the complexity of individual comprehension, single points of failure, etc. I just know I have very little trust into opaque processes that randomly blow up
On other forums people are taking advantage of the situation to refinance their homes where they don't want a privacy inspection (medical marijuana grows which are legal, but under certain circumstances banks may ask questions)
