The Institute of Management Accountants previously the National Association of Accountants is an organization with approximately 70,000 members consisting of management accountants in private industry CPAs and academics. The principal focus of the organization is on the use of management accounting information for internal decision making. Though management accountants prepare the financial statements for external users. Therefore through its Management Accounting Practices (MAP) Committee and other means the IMA provides input on financial accounting standards to the Financial Accounting Standards Board and to the Securities and Exchange Commission and other regulatory agencies. Many other organizations such like the Financial Analysts Federation composed of investment advisers and investors the Securities Industry Associates composed of investment bankers and CPA firms have committees or task forces that respond to Exposure Drafts of proposed FASB Statements. Their reactions are in the form of on paper the statements sent to the FASB and testimony given at FASB hearings. Many individuals as well make their reactions known to the FASB.