All auctioneers must furnish a tax clearance certificate annually, along with a certificate from his or her own accountant to confirm that they have conducted all financial transactions in relation to clients' funds in a proper fashion. Under accountability and transparency procedures, the IPAV appoints external members to its disciplinary committee. Both the IPAV and the IAVI have long recognised that the current legal requirement of a minimum bond of €12,700 is entirely inadequate and unrealistic and have put in place substantial deposit protection funds. The limits of these funds are kept under ongoing review.