Answer
Relevance supersedes all the other qualitative elements.
Work Step by Step
No matter how faithfully presented, comparable, verifiable, or timely or understandable financial information is, it will be of no meaningful use to the stakeholders if it is not relevant. Relevance requires that the information contains the predictive value that enables an investor to make independent expectations regarding the entity's future.
Besides, relevance ensures that financial information has the confirmatory value that deals with the confirmation of present anticipations depending on evaluations that were made in the past.
Moreover, relevance guarantees that financial reports have met the materiality requirement such that there are no omissions or misstatements that could mislead the users when making decisions.
