Final answer:
The correct statement about the relevance of information in an audit is that audit procedures may provide evidence relevant to certain assertions but not others.
Step-by-step explanation:
The correct statement regarding the evaluation of the relevance of information in an audit is option 3: A given set of procedures may provide audit evidence that is relevant to certain assertions, but not to others. Audit evidence is gathered through various procedures and can be relevant to multiple aspects of an audit, such as the completeness, accuracy, or validity of the financial statements. However, not all evidence will pertain to all assertions; some may only support a specific assertion, while others may be irrelevant to that assertion.