I've been approached by two companies to apply for open fund controller positions. I do not have experience in the private equity and investment industry. Do you think someone with audit experience at the director level could make an easy transition, or is industry experience essential?

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You can make the transition but if you fail, they'll probably let you go and find somebody else. Everyone thinks that they can transition out of public and be an accountant. Well, it's not that difficult. You will be making mistakes and it will be very noticeable. And then when the otter rolls around and there's a lot of adjusting entries, they're going to say to your committee, this person is unqualified.

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