Hong Kong's Accounting and Financial Reporting Council said its review of PwC's local practice, which is separate from China's probe, is still "in progress," according to a statement Friday. An AFRC spokesperson said the watchdog had no further comment. The review shows that PwC's troubles in Greater China are far from over after the firm was fined 441 million yuan ($62 million) and suspended for six months by regulators. Chinese authorities said Evergrande inflated its revenue by 564 billion yuan over two years, in one of the nation's biggest accounting frauds. Hong Kong's accounting regulator can mete out as much as HK$10 million ($1.3 million) in fines if it disciplines PwC. Though it's based in China, Evergrande is regulated in Hong Kong because its stock traded in the financial hub.