External Audit Performance Strategies in Creating the Appropriate Legislative Climate to Attract Investments "Applied to the Automotive Industry Sector in Egypt "

External audits are one of the most important pillars of the evaluation and auditing of activities and operations carried out within an institution or organization by an independent external party. The external audit aims to assess the extent to which the institution implements the specified standards and procedures followed, identify gaps and possible improvements, and provide recommendations to enhance performance and achieve continuous improvement. When it comes to the automotive industry, external audits can be of great importance in creating the appropriate legislative climate to attract investment projects. By conducting a comprehensive external audit of the company, the strengths and weaknesses in its operations and management can be identified, and the extent of compliance with industrial standards and local and international legislation can be assessed. The Egyptian state's interest in formulating a new strategy to create an attractive climate for the automotive industry is a step in the right direction, given the manufacturing sector's need for general policies that guide and motivate it, enhance its profitability for investors, and encourage them to move towards it instead of other sectors that are more profitable for them. Despite this, the announced plans raise some questions about the extent of their success in achieving their ambitious goals within the allocated time frames. These questions are related to relying on local demand as a driver of the boom in the automotive industry, as external audit performance strategies are a powerful tool for stimulating economic development and attracting investments, especially in vital sectors such as the automotive industry. In the context of the Egyptian experience, the most important results of implementing these strategies can be summarized in creating the appropriate legislative climate to attract investments in the automotive sector, including the transparency of legislation, as external audit contributes to revealing gaps and shortcomings in existing legislation, which enhances transparency and reduces the risks facing investors, and reducing bureaucracy, as audits reveal complex and bureaucratic procedures that hinder investment, which leads to simplifying and accelerating procedures.