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William Duhnke, a longtime Republican Senate aide, just got a significant pay bump.

The U.S. Securities and Exchange Commission named him Tuesday to lead the Public Company Accounting Oversight Board (PCAOB), the front-line regulator of U.S. accounting firms, a job that pays $673,000 per year. As a key staff member for former Senate Banking Committee Chairman Richard Shelby, Duhnke has knowledge of financial issues, but he lacks any experience in the auditing profession.

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