Audit committees have substantial regulatory obligations under the SOX Act. These obligations include which of the following? $($Check all that apply.$)$

Having the authority to engage, monitor, and terminate the company's outside auditing firm

Implementing a system of controls that involves a comprehensive examination of the audit reports and methods used by the company and outside

auditors to properly report information that truly reflects the financial condition of the company

Establishing a structure that facilitates communication directly between the audit committee and the auditors

Establishing a structure that encourages communication between the audit committee and the auditors using corporate officers as a go$-$between