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52
Report of Independent Registered Public Accounting Firm
Shareholders and Board of Directors
Best Buy Co., Inc.
We have audited management’s assessment, included in the accompanying Management’s Annual Report on Internal Control
overFinancial Reporting, that Best Buy Co., Inc. and subsidiaries (the “Company”) maintained effective internal control over
financial reporting as of February 25, 2006, based on criteria established in Internal Control — Integrated Framework issued by
the Committee of Sponsoring Organizations of the Treadway Commission. The Company’s management is responsible for
maintaining effective internal control over financial reporting andfor its assessment of the effectiveness of internal control over
financial reporting.Our responsibility is to express an opinion on management’s assessment and anopinion on the effectiveness
of the Company’s internal control over financial reporting based on our audit.
We conducted ouraudit in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that weplan and perform the audit to obtain reasonable assurance about whether effective
internal control over financial reporting was maintained in all material respects. Ouraudit included obtaining an
understandingof internal control over financial reporting, evaluating management’s assessment, testing and evaluating the
design and operating effectiveness of internal control, and performing such other proceduresas we considered necessary in
the circumstances. We believe that ouraudit provides a reasonable basis for our opinions.
A company’s internalcontrol over financial reporting is a process designed by, or under the supervision of, the company’s
principal executive and principal financial officers, or persons performing similar functions, and effected by the company’s
board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial
reportingand the preparation of financial statements for external purposes in accordance with generally accepted
accountingprinciples. A company’s internal control over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts
and expenditures of the companyare being made only in accordance with authorizations of management and directors of
the company;and (3) provide reasonable assurance re garding prevention or timely detection of unauthorizedacquisition,
use, or disposition of the company’s assets that could haveamaterial effect on the financial statements.
Because of the inherent limitations of internal control over financial reporting, including the possibility of collusionor
improper management override of controls, material misstatements due to erroror fraud may not be prevented or detected
on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to
future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.
In our opinion, management’s assessment that the Company maintained effective internal control over financial reporting as
of February 25, 2006, is fairly stated, in all material respects, based onthe criteria established in Internal Control —
Integrated Framework issuedbythe Committee of Sponsoring Organizations of the Treadway Commission. Also in our
opinion, the Company maintained, in allmaterial respects, effective internal control over financial reporting as of
February 25, 2006, based on the criteria established in Internal Control — Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States),
the consolidated financial statements and financial statement schedule as of and for the year ended February 25, 2006, of
the Company and our report datedMay 5, 2006 expressedan unqualified opinion on those financial statements and
financial statement schedule and included an explanatory paragraph relatingto the Company’s change effective
February 27, 2005, in its method of accountingfor share-based payments.
Minneapolis, Minnesota
May 5, 2006