---
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"
generated_at: "2026-06-14T03:52:10.901037+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Party City restates Q3 2022 financials; auditor EY resigns over going-concern omission

## Summary
- 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).

## SEC filing metadata
- accession: 0000950142-23-001658
- form_type: 8-K
- cik: 0001592058
- company_name: Party City Holdco Inc.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.01, 4.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-001658
- JSON: https://secwatch.observer/filing/0000950142-23-001658.json
- Plain text: https://secwatch.observer/filing/0000950142-23-001658.txt

## Key facts
- Auditor Changes
  Ernst & Young LLP resigned as auditor of Party City Holdco Inc..
  - Action: resignation
  - Auditor: Ernst & Young LLP
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1592058/000095014223001658/0000950142-23-001658-index.htm
- Auditor Changes
  Party City Holdco Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Ernst & Young LLP
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1592058/000095014223001658/0000950142-23-001658-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.