CIPFA Bulletin 15 Reporting of pensions surpluses and IFRIC 14 provides guidance to accounts preparers and auditors in England, Northern Ireland, Scotland and Wales on the application of IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction with Local Authority Local Government Pension Scheme (LGPS) plans in accordance with the prescriptions in the Code of Practice on Local Authority Accounting in the United Kingdom (the Code).