Whitehaven Academy was one of the worst run academies in the country while under the control of Bright Tribe Trust, according to a new report.
The Public Accounts Committee (PAC) says academies need to be more accountable when it comes to how they spend their money.
The PAC believe they also should be more responsible for the way they execute a complaints procedure.
Bright Tribe pulled out of the running of the school last year and was replaced by the Cumbria Education Trust .
The Joint General Secretary of the National Education Union, said: