Where I live, a notary public certification does not mean "truth" in an absolute sense. A notary public only certifies the authenticity of representations made by a third party.

From my experience, auditing is always a trade-off between standards and the client's particular conditions. The audit are as demanding as the customer's budget. I am sure that the auditors can set the bar so high that only few customers would get certification. They don't do it and they won't do it, because there is demand for "good enough" certification at reasonable fees and this is what the auditors deliver.

Based on practical experience of these policies in other countries, I can safely say that: 1 - people will like it and it will successful. Buying a new car for less money? Perhaps with some other dealer discount? Will be good enough for many people. 2 - taking junk cars off the roads is a good idea.