OBS_VALUE: Accounting and auditing are classified in the “encouraged” category in the 2015 edition of the Catalogue of Industries for the Guidance of Foreign Investment Industries. The limitation to equity joint ventures or contractual joint ventures has been removed in this edition.Article 2 of the Law on China on Certified Public Accountants states that a CPA is a practitioner which …. accepts assignments for auditing, accounting consultation or other accounting services.