Edmund L. Jenkins, chairman, Financial Accounting Standards Board...

Edmund L. Jenkins, chairman, Financial Accounting Standards Board, expressed concern about accounting oversight proposals in Congress. "The greater the involvement of Congress and the executive branch in the activities of the FASB, the greater the potential for harmful political pressures on the standard-setting process,” he said in a statement. "As shown in the past, those pressures inhibit objective, neutral and timely resolution of important financial reporting issues.”