import re


def process_field_cancelled_value(value):
    """This method processes the value in field. It checks
        for the value 'CANCELED' or 'CANCELLED' in the
        <value> tag under the parent <field> tag.
    """
    value = value.strip().lower()
    cancel_match = re.findall(r'cancel[led$]*', value, re.I)
    if not cancel_match:
        return False
    else:
        return True