Forvis Mazars at the IFA European Region Conference in Budapest

As all areas of business continue to be impacted by this new factor, we gather up to explore the transformative touch of AI.  They uncovered the challenges around compliance, governance, and risks and gain insights into the future of tax and legal practices.

Dedicated to looking into the future of tax and legal practices, in the context of AI and its emerging developments, our seminar explored the critical developments and their implications for financial services institutions navigating the complexities of transfer pricing.

Learn more about the event

The conference  that featured 160+ participants, hosted our Forvis Mazars representatives, and facilitated the seminar: 

• Daniel H. Nagy, Partner, Tax and Legal Services, Forvis Mazars in Hungary;
• Laurent Inard, Partner at Forvis Mazars France, Chief R&D Officer, Valuation & Models, Data Advisory;
• Dr. Nóra Óváry-Papp, Counsel at Hegymegi-Barakonyi & Fehérváry Baker & McKenzie Attorneys-at-Law;
• Attila Mizsányi, Head of Department for Risk Analysis and Data Science, Hungarian Tax and Customs Administration, and 
• Tomor Akos, Director at Forvis Mazars Hungary, Transfer Pricing Services.

Key takeaways

• Cautious Adoption: After the initial wave of excitement, tax and legal professionals are now taking a more measured approach to AI implementation, carefully weighing benefits against potential risks.
• Focus on Efficiency: The industry is actively exploring how AI tools can enhance workflow efficiency while remaining mindful of important concerns like data protection and privacy.
• Emerging Applications: Despite general caution, specific innovative use cases are gaining traction, such as the Transfer Pricing AI tool developed by Forvis Mazars Hungary.