I've gotten into breathless arguments with "cyber experts" who really don't understand this simple point. I've met people in industry who literally think that "filling out the paperwork and having a risk committee accept risks or prioritize a schedule to get into compliance" equals "our systems are now secure".
It's a massive self-serving industry incentivized to enrich itself and not secure systems. If they were successful at designing, deploying, and maintaining secure systems, there wouldn't be an industry.
On the other side of the coin, if a vendor does not have paperwork and evidence to support their programs - how does one as a purchaser or security reviewer verify? Organizations only act truthful to an extent that benefits them. Quality of audits and supporting paperwork is a real mixed bag. Unless you’re an Amazon you’re not going to get the chance to audit your vendors and sub processors outside of reviewing this type of documentation.
The entire process is broken.
Everyone here is correct that you need more than just these frameworks/audits to be secure. However, most companies that are secure following these frameworks. If you're secure, these frameworks are a no-brainer to certify against.