Recommendation Framework Paper Available; Comment Period Ends October 31st.       Late last month the FASB released its initial staff recommendations on whether and when it will be appropriate to adjust financial reporting requirements for private companies, the Journal of Accountancy reports.  The recommendations are contained in a paper, Private Company Decision-Making Framework: A Framework for Evaluating Financial Accounting and Reporting Guidance for Private Companies. FASB on Tuesday invited stakeholders to comment on the recommendations. In May, the Financial Accounting Foundation (FAF), FASB’s parent organization, created the Private Company Council (PCC).   The new council will identify, deliberate, and vote on proposed changes, which will…