Pink Pony, Inc. identified that it had a risk of fraudulent disbursements, since it frequently pays for supplies based on oral agreements with longstanding vendors. Until last year, the company had a single bookkeeper who wrote and signed most of the checks. Pink Pony, Inc. implemented a new control to require the chief executive to sign all checks greater than $2,500 before issuance. Also, each quarter, the treasurer reviews a list of all the cash disbursements and reviews the bank reconciliations to identify any unusual disbursements. The company also has an annual external audit. Which of the following is true? Group of answer choices The company has strong preventive controls on all its disbursements. Internal control weaknesses are unavoidable for small businesses. The treasurer's review of cash disbursements and bank reconciliations is a detective control activity. The audit is an effective part of the company's internal control structure