SEC Comment Letter for BEST BUY CO INC (BBY) (CIK 0000764478) (BBY) — Mar 30, 2005
BEST BUY CO INC (BBY) (CIK 0000764478)
Date: March 30, 2005 · CIK: 0000764478 · Accession: 0000000000-05-014926
AI Filing Summary & Sentiment
Letter
Mail Stop 0308 March 29, 2005 Bruce Besanko Vice President - Finance Best Buy Co., Inc. 7601 Penn Avenue South Richfield, MN 55423
RE: Best Buy Co., Inc. Item 4.01 Form 8-K filed December 30, 2004 as amended February 25, 2005 File No. 1-9595
Dear Mr. Besanko:
We have reviewed the above referenced filings and have the following comments. We welcome any questions you may have about our comments. Feel free to contact us at the telephone numbers listed at the end of this letter. 1. Please revise to state the date you finally dismissed Ernst & Young. We believe this should be the date they last performed any work or acted as your principal accountant. Please revise to disclose that there were still no disagreements through the last day Ernst & Young acted as your principal accountant. 2. Please revise to state the nature of any audit report issued by Ernst & Young since the filing of the prior amendment. Refer to Item 304(a)(1)(ii) of regulation S-K. If no audit report has been issued since the prior amendment, please revise to disclose this fact. 3. Please revise the second paragraph of the Form 8-K/A to clarify that there were no consultations with Deloitte & Touche prior to their engagement. 4. On January 10, 2005 you sent us a fax acknowledging receipt of our January 6, 2005 comment letter and containing certain representations we requested. Please file that fax as an EDGAR correspondence file.
Bruce Besanko Best Buy Co., Inc. March 29, 2005 Page 2
The amendment requested above should be filed within five business days from the date of this letter, or we should be advised by that date when it will be filed. The amendment should include an updated letter from your former accountants indicating that they have read the Form 8-K/A. Please file your response to these comments as an EDGAR correspondence file at the same time as you file the Form 8- K/A. Any questions regarding the above should be directed to me at (202) 942-1809, or in my absence, to Robert Benton at (202) 942- 1811.
Sincerely,
Robert Burnett
Staff Accountant
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<DOCUMENT>
<TYPE>LETTER
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<FILENAME>filename1.txt
<TEXT>
Mail Stop 0308
March 29, 2005
Bruce Besanko
Vice President - Finance
Best Buy Co., Inc.
7601 Penn Avenue South
Richfield, MN 55423
RE: Best Buy Co., Inc.
Item 4.01 Form 8-K filed December 30, 2004 as amended
February
25, 2005
File No. 1-9595
Dear Mr. Besanko:
We have reviewed the above referenced filings and have
the
following comments. We welcome any questions you may have about
our
comments. Feel free to contact us at the telephone numbers listed
at
the end of this letter.
1. Please revise to state the date you finally dismissed Ernst &
Young. We believe this should be the date they last performed any
work or acted as your principal accountant. Please revise to
disclose that there were still no disagreements through the last
day
Ernst & Young acted as your principal accountant.
2. Please revise to state the nature of any audit report issued by
Ernst & Young since the filing of the prior amendment. Refer to
Item
304(a)(1)(ii) of regulation S-K. If no audit report has been
issued
since the prior amendment, please revise to disclose this fact.
3. Please revise the second paragraph of the Form 8-K/A to clarify
that there were no consultations with Deloitte & Touche prior to
their engagement.
4. On January 10, 2005 you sent us a fax acknowledging receipt of
our
January 6, 2005 comment letter and containing certain
representations
we requested. Please file that fax as an EDGAR correspondence
file.
Bruce Besanko
Best Buy Co., Inc.
March 29, 2005
Page 2
The amendment requested above should be filed within five
business days from the date of this letter, or we should be
advised
by that date when it will be filed. The amendment should include
an
updated letter from your former accountants indicating that they
have
read the Form 8-K/A. Please file your response to these comments
as
an EDGAR correspondence file at the same time as you file the Form
8-
K/A. Any questions regarding the above should be directed to me
at
(202) 942-1809, or in my absence, to Robert Benton at (202) 942-
1811.
Sincerely,
Robert Burnett
Staff Accountant
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</TEXT>
</DOCUMENT>