Best Buy 2009 Annual Report Download - page 57

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investigation. Internal counsel conducted interviews with Based on the foregoing and the Audit Committee’s
members and certain former members of our senior understanding of the application of the relevant SEC
management and Audit Committee that had contacts rules, the Audit Committee accepted D&T’s conclusion
with the former advisory partner, including our Chief and letter regarding its independence and unanimously
Financial Officer and our Chief Accounting Officer. concluded that, based on all of the facts and
Outside and internal counsel reviewed summaries of the circumstances known to the Audit Committee, D&T’s
interviews and related documentation, including the independence was not impaired with respect to any of
minutes of all of our Board of Directors and Board our financial statements covering periods during which
committee meetings in which the former advisory partner the former advisory partner was a member of D&T’s
participated, our electronic records and communications audit engagement team, including fiscal 2009. D&T
identified as pertaining to the former advisory partner, and we have reported our respective conclusions
and supporting materials provided by D&T. regarding this matter to the SEC.
Following these investigations, D&T and our The Audit Committee reviewed all services provided by
management advised the Audit Committee that no and the amount of fees paid to D&T in fiscal 2009. In
evidence was discovered that indicated that the former reliance on the reviews and discussions with
advisory partner had any substantive responsibility for or management and D&T, including the matter described
role in the conduct of the audit. D&T delivered a letter above, the Audit Committee believes that the services
to the audit committee stating that, despite the trades in provided by D&T were compatible with, and did not
our securities by their former advisory partner and the impair, its independence.
resulting violation of the SEC’s independence rules, the AUDIT COMMITTEE
former advisory partner had not exercised any influence
Hatim A. Tyabji, Chairman
over the conduct of the audit or its conclusions with
George L. Mikan III
respect to the audit or accounting consultations, that the
Matthew H. Paull
objectivity of the persons responsible for the actual
G´
erard R. Vittecoq
conduct of the audit had not been affected by the
former advisory partner’s actions, and that D&T’s
independence was not impaired.
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