MPs have also questioned the ability of the Education and Skills Funding Agency (ESFA) to control academies’ executive pay awards following a series of high-profile scandals.
The report said the DfE should ensure that academy trusts were sufficiently transparent and accountable to parents and communities.
Its conclusions follow increasing concern over the academies programme, which began in 2000 under Labour but has been widened by the Conservatives.
Meg Hillier, the chair of the committee, said the education of many pupils had been badly affected.
“We have seen the troubling consequences of poor governance and oversight of academy trusts,” she said.
“Parents and the wider community are entitled to proper access to transparent information about their local academy schools.”