The National Institute of Accountants will change its name to the Institute of Public Accountants in May after members voted on changes to the organisation, it said yesterday.
The organisation would focus more on small and medium enterprises to reduce red tape, as a result of the vote.
New resources to help the organisations 22,000 members will also be offered, including a Financial Services Platform to help members network with financial advisers, and a tool to help clients manage superannuation.
Andrew Conway, chief executive of the NIA, said the organisation would be reinvigorated.
The changes will come into effect in May.