Kevin is preparing to perform a valuation engagement for ABS Inc., a commercial business that provides a ser vice to the state of Virginia. The valuation engagement involves valuing a plot of land near ABS for the purpose of determining a value to use in negotiations to purchase the land from its present owner. Because Kevin knows the management of ABS well (he performs monthly compilation services for ABS), he decides not to issue an engagement letter. As part of its contractual arrangement with Virginia, ABS is required to use a valuation ap- proach specified by the state. This valuation approach is not addressed in VS section 100, Valuation of a Busi- ness, Business Ownership Interest, Security, or Intangible Asset, in AICPA Professional Standards). Kevin dutifully follows the guidance contained in VS section 100 (except for using the valuation approach specified by Virginia) applicable to a valuation engagement and issues a calculation report. 

Required 

Has Kevin complied with the provisions of the code? Explain.