Select the correct alternative relating to the disclosures required regarding the duties of the audit committee in terms of the King IV Report. In addition to the required statutory disclosure recommended for all the committees of the governing body, the following should be disclosed in relation to the audit committee:

$1)$ a statement as to whether the audit committee is satisfied that the external auditor is independent of the organisation

$2)$ the audit committee$$s views on resolving disputes relating to the company$$s operations

$3)$ the audit committee$$s views on the quality of the external audit

$4)$ the audit committee$$s views on the effectiveness of the chief audit executive and the arrangements for internal audit

$5)$ the audit committee$$s views on the process for determining the accounting principles to be applied in the annual financial statements

$6)$ the arrangements in place for combined assurance and the audit committee$$s views on its effectiveness