Adjust width and height of iframe to fit with content in it

I need a solution for auto-adjusting the width and height of an iframe to barely fit its content. The point is that the width and height can be changed after the iframe has been loaded. I guess I need an event action to deal with the change in dimensions of the body contained in the iframe.

<script type="application/javascript">

function resizeIFrameToFitContent( iFrame ) {

    iFrame.width  = iFrame.contentWindow.document.body.scrollWidth;
    iFrame.height = iFrame.contentWindow.document.body.scrollHeight;
}

window.addEventListener('DOMContentLoaded', function(e) {

    var iFrame = document.getElementById( 'iFrame1' );
    resizeIFrameToFitContent( iFrame );

    // or, to resize all iframes:
    var iframes = document.querySelectorAll("iframe");
    for( var i = 0; i < iframes.length; i++) {
        resizeIFrameToFitContent( iframes[i] );
    }
} );

</script>

<iframe src="usagelogs/default.aspx" id="iFrame1"></iframe>