# FinTruthQA: A Benchmark for AI-Driven Financial Disclosure Quality Assessment in Investor -- Firm Interactions

arXiv: https://arxiv.org/abs/2406.12009 · HTML: https://mlsanity.com/paper/2406.12009/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Builds on 7 of its 29 references that are in the map.
- First posted on arXiv 17 Jun 2024.

## Builds on (most cited first, 7 of 7)

- [RoBERTa: A Robustly Optimized BERT Pretraining Approach](https://mlsanity.com/paper/1907.11692/) (2019)
- [Sentence-BERT: Sentence Embeddings using Siamese BERT-Networks](https://mlsanity.com/paper/1908.10084/) (2019)
- [Confident Learning: Estimating Uncertainty in Dataset Labels](https://mlsanity.com/paper/1911.00068/) (2019)
- [FinBERT: A Pretrained Language Model for Financial Communications](https://mlsanity.com/paper/2006.08097/) (2020)
- [MultiHiertt: Numerical Reasoning over Multi Hierarchical Tabular and Textual Data](https://mlsanity.com/paper/2206.01347/) (2022)
- [DISC-FinLLM: A Chinese Financial Large Language Model based on Multiple Experts Fine-tuning](https://mlsanity.com/paper/2310.15205/) (2023)
- [UER: An Open-Source Toolkit for Pre-training Models](https://mlsanity.com/paper/1909.05658/) (2019)

## Built on by (most cited first, 1 of 1)

- [FinEval-KR: A Financial Domain Evaluation Framework for Large Language Models' Knowledge and Reasoning](https://mlsanity.com/paper/2506.21591/) (2025)

## Abstract (arXiv)

Accurate and transparent financial information disclosure is essential for market efficiency, investor decision-making, and corporate governance. Chinese stock exchanges' investor interactive platforms provide a widely used channel through which listed firms respond to investor concerns, yet these responses are often limited or non-substantive, making disclosure quality difficult to assess at scale. To address this challenge, we introduce FinTruthQA, to our knowledge the first benchmark for AI-driven assessment of financial disclosure quality in investor-firm interactions. FinTruthQA comprises 6,000 real-world financial Q&A entries, each manually annotated based on four key evaluation criteria: question identification, question relevance, answer readability, and answer relevance. We benchmark statistical machine learning models, pre-trained language models and their fine-tuned variants, as well as large language models (LLMs), on FinTruthQA. Experiments show that existing models achieve strong performance on question identification and question relevance (F1 > 95%), but remain substantially weaker on answer readability (Micro F1 approximately 88%) and especially answer relevance (Micro F1 approximately 80%), highlighting the nontrivial difficulty of fine-grained disclosure quality assessment. Domain- and task-adapted pre-trained language models consistently outperform general-purpose models and LLM-based prompting on the most challenging settings. These findings position FinTruthQA as a practical foundation for AI-driven disclosure monitoring in capital markets, with value for regulatory oversight, investor protection, and disclosure governance in real-world financial settings.