On 12 March 2015, the Institute of Chartered Accountants in England and Wales published an illustrative auditor's report for the purpose of Solvency II balance sheets.  In addition, the Institute has published a list of observations regarding the granularity of an insurer's 'basis of preparation' document (which it so accompany the auditor's report).  The Institute confirmed that it had worked with the PRA to produce the relevant information.