Recent scandals around the Government's flagship free schools have shown how the management standards are "not up to scratch", according to the Chairwoman of an influential committee of MPs.
Public Accounts Committee Chair Margaret Hodge, Labour MP for Barking, said:
Recent high-profile failures at Al-Madinah School and Kings Science Academy demonstrate the DfE and the EFA's oversight arrangements for free schools are not yet working effectively to ensure public money is used properly.
The department and agency have set up an approach to oversight which emphasises schools' autonomy, but standards of financial management and governance in some free schools are clearly not up to scratch.
The agency relies on high levels of compliance by schools, yet fewer than half of free schools submitted their required financial returns for 2011-12 to the agency on time.
More top news
Accompanied by the Duke of Edinburgh, the Queen will attend the opening ceremony of the fifth session in the Holyrood chamber.
Ms Leadsom has received the backing of Ian Duncan Smith, the former work and pensions secretary.
The former shadow work and pensions secretary is considered a more viable candidate than Angela Eagle, a Labour source has told ITV News.