Nov 23 (Reuters) - Alarmforce Industries Inc AF.TO
* Alarmforce provides update on the status of ongoing review
* Alarmforce Industries says reports that it has substantially completed its review of customer contracts and accounts
* Alarmforce Alarmforce Industries says further analysis required before it can be determined whether restatement of historical financial statements will be required
* Alarmforce Industries says anticipates decision regarding whether a restatement will be required will be made by end of second week of December 2016
* Alarmforce Industries says evaluating impact, if any, of assessment, other possible employee tax liabilities in connection with classification of independent contractors
* Alarmforce Industries says continues to engage with Ontario ministry of finance on proposed employer health tax assessment of incremental taxes, penalties Source text for Eikon: Further company coverage: AF.TO