{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-23-001658","form_type":"8-K","ticker":null,"cik":"0001592058","company_name":"Party City Holdco Inc.","filed_at":"2023-06-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.569962+00:00","generated_at":"2026-06-14T03:52:10.901037+00:00","sec_items":["4.01","4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Party City restates Q3 2022 financials; auditor EY resigns over going-concern omission","bullets":["Ernst & Young resigned as auditor on June 5, 2023, citing failure to disclose substantial doubt about going concern in Q3 2022 10-Q.","Audit Committee concluded Q3 2022 interim financial statements should no longer be relied upon; restatement planned.","Company identified material weakness in internal control over going-concern analysis under ASC 205-40 as of November 8, 2022.","Party City disagrees with EY's characterization but proceeds with disclosure; stock trades OTC Pink (PRTYQ)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-23-001658","json":"https://secwatch.observer/filing/0000950142-23-001658.json","markdown":"https://secwatch.observer/filing/0000950142-23-001658.md","text":"https://secwatch.observer/filing/0000950142-23-001658.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1592058/000095014223001658/0000950142-23-001658-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1592058/000095014223001658/eh230368153_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T03:52:10.901037+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0bd57c77009425d490e19c9d0e7f4b791453633c","claim":"Ernst & Young LLP resigned as auditor of Party City Holdco Inc..","evidence_excerpt":"On June 5, 2023, the Audit Committee (the “Audit Committee”) of the Board of Directors of Party City Holdco Inc. (the “Company”) received a letter from Ernst & Young LLP (“EY”) stating that EY had resigned as the Company’s independent registered accounting firm for the year ended December 31, 2022.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1592058/000095014223001658/0000950142-23-001658-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"resignation"},{"label":"Auditor","value":"Ernst & Young LLP"}],"fact_type":"auditor_change"},{"claim_id":"264a775a7038bbf5baefbee029ec5f867aa1bd2f","claim":"Party City Holdco Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"on June 6, 2023, the Audit Committee concluded, after discussion with the Company’s management and EY, that the interim unaudited financial statements included within the Third Quarter Form 10-Q should no longer be relied upon.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1592058/000095014223001658/0000950142-23-001658-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"},{"label":"Auditor","value":"Ernst & Young LLP"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}