How far are we from a ‘Standard Model’ of the solar dynamo?

Over the last few years, dynamo theorists seem to be converging on a basic scenario as to how the solar dynamo operates. The strong toroidal component of the magnetic field is produced in the tachocline, from where it rises due to magnetic buoyancy to produce active regions at the solar surface. The decay of tilted bipolar active regions at the surface gives rise to the poloidal component, which is first advected poleward by the meridional circulation and then taken below the surface to the tachocline where it can be stretched to produce the toroidal component. The mathematical formulation of this basic model, however, involves the specification of some parameters which are still uncertain. We review these remaining uncertainties which have resulted in disagreements amongst various research groups and have made it impossible to still arrive at something that can be called a standard model of the solar dynamo.