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4DEC200710033329
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders of
Best Buy Co., Inc.
We have audited the accompanying consolidated balance sheets of Best Buy Co., Inc. and subsidiaries (the ‘‘Company’’)
as of March 1, 2008 and March 3, 2007, and the related consolidated statements of earnings, shareholders’ equity, and
cash flows for each of the three years in the period ended March 1, 2008, March 3, 2007 and February 25, 2006. Our
audits also included the financial statement schedule listed in the Index at Item 15(a). These financial statements and
financial statement schedule are the responsibility of the Company’s management. Our responsibility is to express an
opinion on the financial statements and financial statement schedule based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United
States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Best
Buy Co., Inc. and subsidiaries as of March 1, 2008 and March 3, 2007, and the results of their operations and their
cash flows for each of the three years in the period ended March 1, 2008, in conformity with accounting principles
generally accepted in the United States of America. Also, in our opinion, such financial statement schedule, when
considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material
respects, the information set forth therein.
As discussed in Note 1 to the consolidated financial statements, effective March 4, 2007, Best Buy Co., Inc. and
subsidiaries changed their method of accounting for uncertain tax benefits upon adoption of Financial Accounting
Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes — an Interpretation of FASB Statement
No. 109.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United
States), the Company’s internal control over financial reporting as of March 1, 2008, based on the criteria established in
Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway
Commission, and our report dated April 25, 2008 expressed an unqualified opinion on the Company’s internal control
over financial reporting.
Minneapolis, Minnesota
April 25, 2008
59