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Some of the concerns raised by the US House Oversight Chair Cummings when seeking documents on Trump’s financial statements. Who controls debt, potentially controls the person, in this case someone who occupies the position of US President, i.e. Trump.

See more here: https://oversight.house.gov/sites/democrats.oversight.house.gov/files/documents/2019-03-20.EEC%20to%20Wahba-Mazars.pdf

Committee Seeks Documents on Accuracy of President Trump’s Financial Statements Mar 27, 2019 Press Release Washington, D.C. (Mar. 27, 2019)—Today, Rep. Elijah E. Cummings, the Chairman of the Committee on Oversight and Reform, released a letter he sent to the Chairman and Chief Executive Officer of Mazars USA LLP on March 20, 2019, requesting documents relating to the Committee’s investigation into allegations that President Donald Trump inflated or deflated financial statements for potentially improper purposes.  https://oversight.house.gov/sites/democrats.oversight.house.gov/files/documents/2019-03-20.EEC%20to%20Wahba-Mazars.pdf

The allegations were supported by corroborating documents produced to the Committee by the President’s longtime personal lawyer, Michael Cohen.
 

Mr. Cohen produced to the Committee financial statements from 2011, 2012, and 2013 that raise questions about the President’s representations of his financial affairs on these forms and on other disclosures, particularly relating to the President’s debts,” Cummings wrote.  “Several of these documents appear to have been signed by your firm.

The Committee requested responsive documents by April 3, 2019.
 
Rather than join this search for the facts, Republicans are directly interfering with the Committee’s investigation by writing directly to the accounting firm with the apparent purpose of encouraging them not to cooperate. 
 
Cummings issued the following statement in response to the Republican letter today: 
 
“I suppose it is no longer a surprise that Republicans on the Oversight Committee are now opposed to oversight itself—especially since a Republican entered the White House.  If they had their way, the Committee would just close up shop for the next two years, but that is not what the American people elected us to do.  We are  following-up on specific allegations regarding the President’s actions based on corroborating documents obtained by the Committee, and we will continue our efforts to conduct credible, robust, and independent oversight.”
Issues: Administration, Ethics and Transparency
https://oversight.house.gov/news/press-releases/committee-seeks-documents-on-accuracy-of-president-trump-s-financial-statements

Trump complaint: “Last week, Defendant Elijah E. Cummings invoked his authority as Chairman of the House Oversight Committee to subpoena Mazars USA LLP—the longtime accountant for President Trump and several Trump entities (all Plaintiffs here). Chairman Cummings asked Mazars for financial statements, supporting documents, and communications about Plaintiffs over an eight-year period…https://www.documentcloud.org/documents/5973473-4-22-19-Trump-v-Cummings-Complaint.html#document/p1

From VOA News:
Trump Sues to Block Subpoena of His Financial Records
April 22, 2019 12:11 PM VOA News
U.S. President Donald Trump sued Monday to block a congressional panel from subpoenaing his personal and business records from the accounting firm that for years has handled his financial affairs.

Congressman Elijah Cummings, the Democratic chairman of the House of Representatives Oversight Committee, is seeking eight years of Trump information from Mazars USA. But the president and his corporation, the Trump Organization, said in their suit the subpoena “is invalid and unenforceable because it has no legitimate legislative purpose.”..

The committee’s effort to subpoena the Trump information is part of a stepped-up effort by opposition Democrats in the House to investigate the Republican Trump and his administration after Democrats took control of the legislative chamber in January.

Mazars and a predecessor firm signed off on financial statements for Trump when he was seeking loans. But Democrats say they suspect some of the information includes exaggerations or inaccuracies about Trump’s wealth and were accompanied by a statement from the company saying it was not responsible for the accuracy of the information.

Lawyers for the president had previously told Mazars a subpoena of Trump’s records “would not be valid or enforceable. “The company last week said it “will respect the legal process and fully comply with its legal obligations.”

The House panel is seeking the information after Trump’s former personal attorney, Michael Cohen, told investigators Trump has on occasion inflated his net worth to mislead lenders and insurers.

Another congressional committee has demanded Trump’s tax returns from the Treasury Department.

Trump, alone among U.S. leaders for the last four decades, has refused to voluntarily release his tax returns, saying they are being audited, although nothing legally prevents him from releasing them while they are being reviewed.https://www.voanews.com/a/trump-sues-to-block-subpoena-of-his-financial-records/4886213.html