Podgorica (MINA-BUSINESS) - A new Institute of Accounting will soon fully take over activities of the Association of Accountants of Montenegro, if it proves that it can function in the way the founders planned, chairman of the Association of Accountants of Montenegro Djordjije Rakocevic said. He said the institute would adopt regulations, implement international accounting standards and organise exams for accountants. It will also be issuing certificates for auditors, while the licences will be issued by the Finance Ministry.