Best Buy 2007 Annual Report Download - page 71

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56
Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements
Shareholders and Board of Directors
Best Buy Co., Inc.
We have audited the accompanying consolidated statements of earnings, changes in shareholders’ equity, and cash flows
for the year ended February 26, 2005 of Best Buy Co., Inc. and subsidiaries. Our audit also included the financial statement
schedule listed in Item 15(a) for the year ended February 26, 2005. These financial statements and schedule are the
responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and
schedule based on our audit.
We conducted our audit 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 audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated results of
operations and cash flows of Best Buy Co., Inc. and subsidiaries for the year ended February 26, 2005, in conformity with
U.S. generally accepted accounting principles. Also, in our opinion, the related financial statement schedule for the year
ended February 26, 2005, when considered in relation to the basic financial statements taken as a whole, presents fairly, in
all material respects, the information set forth therein.
Minneapolis, Minnesota
May 5, 2005