Party City Taps BDO As Auditor After EY ‘Going Concern’ Spat

Party supply retailer Party City Holdco Inc. appointed BDO USA PC to vet its books after long-time auditor Ernst & Young LLP abruptly quit while the company was in the throes of bankruptcy proceedings.

The company’s board of directors approved hiring BDO in July but the engagement became official on Oct. 21, the company said in a securities filing after market close on Thursday.

EY had audited Party City for 25 years but quit in June, citing disagreements with the company about how and when the company should have warned the market there was substantial doubt about its ability ...