The Sarbanes Oxley Act of 2002 has specific requirements in terms of the composition and duties of the audit committee. Which of the following is/are correct in relation to SOX? (Select all that apply.) Auditors report directly to the audit committee, and the audit committee is responsible for resolving any disagreements between management and the auditors over financial reporting. The audit committee is responsible for the appointment and compensation of the auditors but not for its oversight. Audit committee members must be independent members of the board of directors, not executive directors or otherwise affiliated with the issuer. Audit committee members can accept consulting or advisory fees from the issuer, beyond the normal director compensation. At least one audit committee member must be a financial expert as evidenced through education or work experience. The audit committee establishes procedures for receiving complaints regarding accounting or internal control matters of the company