If your customers rely on you to protect consumer information, chances are you may be asked to produce a SOC 1 audit report. A SOC 1 audit reports on the controls at an organization that are relevant to, or may affect, a client’s financial statements. This reporting framework is designed to demonstrate that an organization has proper internal controls and processes in place to address information security and compliance risks. It’s not uncommon to have a million questions the first time you have a SOC 1 audit performed. Where do we start? What does a SOC 1 entail? Will we fail? Here are 10 things you can do to prepare for your SOC 1 audit.

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