Rahat Munir is Professor and Head of Department in the Department of Accounting and Corporate Governance at Macquarie University, Australia. Kevin Baird is Professor in Accounting at the Department of Accounting and Corporate Governance of Macquarie University, Australia.

• 1. Introduction 2. Literature Review 3. Analytical Framework 4. Research Method 5. The External Environment of FUB 6. Performance Measurement System Change in FUB 7. Conclusions

Rahat Munir is Professor and Head of Department in the Department of Accounting and Corporate Governance at Macquarie University, Australia. Kevin Baird is Professor in Accounting at the Department of Accounting and Corporate Governance of Macquarie University, Australia.

• 1. Introduction 2. Literature Review 3. Analytical Framework 4. Research Method 5. The External Environment of FUB 6. Performance Measurement System Change in FUB 7. Conclusions

Rahat Munir is Professor and Head of Department in the Department of Accounting and Corporate Governance at Macquarie University, Australia. Kevin Baird is Professor in Accounting at the Department of Accounting and Corporate Governance of Macquarie University, Australia.

• 1. Introduction 2. Literature Review 3. Analytical Framework 4. Research Method 5. The External Environment of FUB 6. Performance Measurement System Change in FUB 7. Conclusions