The thing about an audit is that in the course of an audit, we have findings. We identify things that need to be improved. We make recommendations. The department agrees with our recommendations, responds to them, and prepares an action plan. All of those individual activities are important, but I think it's perhaps more important to keep the big picture in mind, which is whether all of the changes are being made to line up the regulatory system with what's happening in the industry and properly balance the safety and the economic and other considerations. I think, again, as you keep an eye on this issue, it's not just whether the department has taken the individual steps that it said it was going to take; it's more about whether they can demonstrate that it is leading to a more efficient and more responsive regulatory system.
On September 26th, 2017. See this statement in context.