Briefly explain why a Canadian private company may decide to follow IFRSs for public companies, even though

Question:

Briefly explain why a Canadian private company may decide to follow IFRSs for public companies, even though it could follow for private companies.
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...