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internal audit tender

     INTERNAL AUDIT TENDER

     
     SMART:
     
     INTRODUCTION AND BACKGROUND
     The Government Employees' Pension Fund is Africa's largest pension fund, with 1266 101 active members and 406 395 pensioners and beneficiaries as at 31 March 2015. We have R1.6 trillion in assets under management and are the single largest investor in Johannesburg Stock Exchange-listed (JSE) companies. We have significant holdings in government bonds and invest in unlisted equity and property.
     Our core business, governed by the Government Employees' Pension Law (1996), is to manage and administer pensions and other benefits for government employees in South Africa. We work to give members and pensioners peace of mind about their financial security after retirement and during situations of need by ensuring that all funds in our safekeeping are responsibly invested and accounted for and that benefits are paid out efficiently, accurately and on time.
     Currently the GEPF has more than 320 participating employers, including all national and provincial government departments and the South African National Defence Force and Intelligence Community. The GEPF has a footprint in all 9 provinces within South Africa, and is committed to the effective and efficient provision of benefits to members, pensioners and beneficiaries.
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     OVERVIEW OF THE GEPF INTERNAL AUDIT FUNCTION
     The GEPF internal audit function currently has 2 resources internally which includes the Internal Audit Manager who has a Senior Internal Auditor reporting to her. The Internal Audit Manager reports administratively to the Principal Executive Officer and functionally to the Finance and Audit Committee of the Board.
    
     THE OBJECTIVE OF THE REQUEST FOR PROPOSAL
     The objective of this Request for Proposal is to invite parties, in good tax standing, to submit proposals for consideration to be appointed to assist the Fund internal audit function in execution of the internal audit coverage plan.