Rosalene Caruana

Associate Director, Corporate Accounting Advisory Services

KPMG in Malta

Rosalene has been part of the Corporate Accounting Advisory Services department of KPMG for around 10 years. She immediately joined the team on a full time basis after obtaining her Bachelor of Accountancy (Honours) degree at the University of Malta.

Her tasks involve managing a team of advisors within the aforementioned department.  Throughout the years, she has assisted clients with their book-keeping and financial statements preparation requirements under both the local default accounting framework (GAPSME) and IFRS as adopted by the EU. She has experience on accounting of various holding companies such as holding of property, plant and equipment, investment property, portfolio of investments, subsidiaries, associates and joint ventures, and other financial instruments such as available-for-sale assets, assets held for trading and loans and receivables under local GAAP and also financial instruments under IFRS 9. She also assisted with the preparation of the accounts of entities in different industries such as pharmaceutical, financial services (licensed entities) and trading entities (in particular retail and grain). She also had exposure to companies involved in affiliate marketing.

She also specialises in the provision of accounting advice on various technical accounting matters such as the determination of distributable profits, common control transactions, classification and measurement of assets and liabilities and also accounting implications arising from the application of tax incentives such as the formation of fiscal units and the application of notional interest deduction. She also assists companies with changing their accounting framework from IFRS to GAPSME and vice versa, highlighting any implications arising from such changes. Throughout her work, Rosalene also assists with performing accounting health checks and audit readiness engagements which help clients in having all necessary information on file for their audits.

  • Corporate Tax
  • IFRS and Accounting Change
  • Management Accounting
  • Tax Accounting Services - IFRS
  • Tax Accounting Services - Local GAAP
  • VAT Compliance Diploma, Malta Institute of Management in collaboration with the Institute of Indirect Taxation UK

  • Master in Accountancy, University of Malta

  • Bachelor of Accountancy (Honours), University of Malta

  • Bachelor of Commerce (Accountancy and Management), University of Malta

  • Certified Public Accountant

  • Fellow of the Malta Institute of Accountants