New: You have not yet started working on the form.
Draft: You have entered information and have saved it but you have not yet submitted the form to CADAC for review.
Submitted: The form has been submitted to CADAC for review. Submitted + Draft: You have updated and saved changes to a form that was previously submitted. The updated information has not yet been submitted for review.
Under review: CADAC has begun their review of the financial form. In this state the form can not be edited by an arts organization.
Revise: Changes are needed in your form. CADAC and/or MAC have left instructions in the form for you to review.
Revise + Draft: You have started revisions and saved the form but have not yet re-submitted it to CADAC.
Re-Submitted: You have revised and addressed all feedback provided and have again submitted your form for review.
Locked: CADAC has approved the financial form and it is now locked. No further edits can be made to the form.
Audited financial statements are created by an accountant. The accountant reviews and tests the completeness of your financial records and your adherence to financial management policies. The accountant also compiles your financial records for the year into financial statements.
