Best Buy 2010 Annual Report Download - page 67

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engagements which in the aggregate do not exceed 5% 3. Tax services include compliance and other
of the fees we pay to our independent registered public non-advisory services performed by the independent
accounting firm during a fiscal year. registered public accounting firm when it is most
efficient and effective to use such firm as the tax
Each year, prior to engaging our independent registered service provider.
public accounting firm, management submits to the
Audit Committee for approval a list of services expected As appropriate, the Audit Committee then pre-approves
to be provided during that fiscal year within each of the the services and the related estimated fees. The Audit
three categories of services described below, as well as Committee requires our independent registered public
related estimated fees, which are based on time and accounting firm and management to report actual fees
materials, unless otherwise noted. versus the estimate periodically throughout the year by
category of service. During the year, circumstances may
1. Audit services include audit work performed on the arise when it becomes necessary to engage our
financial statements, as well as work that generally independent registered public accounting firm for
only the independent registered public accounting additional services not contemplated in the initial annual
firm can reasonably be expected to provide, proposal. In those instances, the Audit Committee
including comfort letters and discussions pre-approves the additional services and related fees
surrounding the proper application of financial before engaging our independent registered public
accounting and/or reporting standards. accounting firm to provide the additional services.
2. Audit-Related services include assurance and AUDIT COMMITTEE
related services that are traditionally performed by
the independent registered public accounting firm, Hatim A. Tyabji, Chairman
including due diligence related to mergers and George L. Mikan III
acquisitions, statutory audits, employee benefit plan Matthew H. Paull
audits and special procedures required to meet Gยด
erard R. Vittecoq
certain regulatory requirements.
67