Big Four Accounting Firms Express Their Support of the FASB to Congress
The joint letter expresses the firms’ views that Congress should preserve the independence of the FASB and avoid legislation that would have the effect of restricting the FASB’s ability to establish accounting standards.
The accounting firms issued the letter  in response to the introduction of a number of proposed bills in Congress that recommend legislative action for the accounting for stock options. Additionally, PwC and the other signatories reaffirmed their support for the mandatory expensing of employee stock options whose fair value would be determined in a manner suitable for the reporting company.
You may view the entire letter.  (NOTE: this letter is a .PDF file, you will need a copy of the free Acrobat Reader software. You may download this free software at http://www.adobe.com/products/acrobat/readstep2.html  )