First edition of FAB a resounding success

May 27, 2024 | News

The recent Festival of Accounting and Bookkeeping (FAB) 2024, held on March 13-14 at the NEC in Birmingham, provided a dynamic platform for professionals in the accounting and bookkeeping fields to engage with the latest industry innovations and network with peers. The event, which was brought to you by Sift, was marked by a series of insightful discussions, practical workshops, and demonstrations focused on the integration of technology in accounting, particularly the adoption and implications of Artificial Intelligence (AI).

Key themes of the festival included the role of AI in enhancing business advisory services, automating compliance procedures, and streamlining accounting processes. Esteemed speakers from various sectors provided valuable insights on leveraging AI to improve efficiency and decision-making capabilities in accounting practices​.

Another highlight was the emphasis on bookkeeping practices, where the Institute of Certified Bookkeepers (ICB) hosted a dedicated Bookkeepers Retreat. This offered bookkeepers a chance to learn about the latest trends, share best practices, and participate in workshops designed to enhance their skills and knowledge​.

FAB 2024 also delved into emerging tech trends like blockchain and cloud accounting, reflecting the evolving landscape of digital finance. Notable sessions covered topics such as Making Tax Digital (MTD), exploring how regulatory changes are shaping the future of taxation and compliance​.

In addition to the technical workshops, the festival provided ample opportunities for networking, with areas designed to foster connections among attendees, allowing them to share experiences and discuss potential collaborations​.

Overall, FAB 2024 was a comprehensive event that not only addressed the current and future needs of the accounting profession but also celebrated the community aspect of the industry, emphasising collaboration and continuous learning.

We’re already hard at work on the 2025 event – see you there!