Which principle ensures the relevance of information presented in financial statements?

The principle that ensures the relevance of information presented in financial statements is materiality. Materiality is a concept that determines whether information is significant enough to influence the decision-making process of users of the financial statements. If an item is deemed material, it must be included in the financial statements, as omitting it could mislead users. This relevance is crucial for stakeholders, as they rely on financial statements to make informed decisions about investments, lending, and other economic activities.

In contrast, while the full disclosure principle mandates that all relevant information must be disclosed in the financial statements, it primarily focuses on transparency and completeness rather than the relevance of specific pieces of information. Other principles such as conservatism and consistency pertain to how information is reported and the treatment of uncertainties and accounting methods, but they do not directly address the relevance of the information itself in the way that materiality does.