THE EFFECTIVENESS OF FORENSIC ACCOUNTING TECHNIQUES IN UNCOVERING CORPORATE FRAUD IN RWANDA

This study evaluates the effectiveness of forensic accounting techniques in uncovering corporate fraud in Rwanda from 2020 to 2024. Using a mixed-methods approach, the study analyzed forensic audit reports, financial statements, and court cases, complemented by structured interviews with forensic accountants and fraud investigators. Quantitative analysis, including regression models and correlation tests, revealed a strong positive relationship (r = 0.91, p < 0.001) between forensic accounting interventions and fraud detection success, with fraud detection rates increasing from 80% in 2020 to 90% in 2024. Financial losses due to fraud declined by an average of $220,000 annually following forensic accounting implementation, supported by a significant reduction in fraudulent financial transactions (t = 4.72, p < 0.01). The study highlights key challenges such as resource constraints, legal barriers, and limited technological adoption, which hinder forensic accounting effectiveness. Recommendations include enhancing forensic accounting training, integrating AI and blockchain technologies, strengthening regulatory frameworks, and improving collaboration between financial institutions and fraud enforcement bodies. These findings affirm that forensic accounting is a vital tool in enhancing corporate governance and financial integrity in Rwanda.