What are the pros and cons of developing a national accounting standard for SMEs? And does accounting quality improve after adoption of IFRS?

What are the pros and cons of developing a national accounting standard for SMEs? And does accounting quality improve after adoption of IFRS?
In my research I want to study what does the International Financial Reporting Standards designed for, and does International Financial Reporting Standards (IFRS) aimed meeting the needs of Privet Company and what is the impact of this develop on SMEs does it have more advantage than disadvantage. In addition, after IFRS is there any improved in accounting quality.

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