Level 2aa: Fundamental Qualities includes relevance and faithful representation.
Level 2aaa: Relevance is information helpful in making decision being Predictive Value, Confirmatory Value, and Materiality.
Predictive Value – Relevant information used by investors to form their own expectations
Confirmatory Value – Relevant information helping users confirm or correct prior expectations.
Materiality – information is material if omitting (and or misstating) could influence decisions relying on the financial statements.