The health minister announced a comprehensive review of the ambulance service in Wales on 7 November 2012.
Lesley Griffiths AM explained that it would cover all aspects of the service, from performance to finance to its relationship with local health boards.
The service has been under fire from opposition AMs for missing its monthly response targets several times in the past year.
She made the announcement during the Liberal Democrat debate on the ambulance service.
The leader of the party argued that Welsh patients deserve a better ambulance service and ambulance workers deserve to have the tools they were trained for.
Kirsty Williams AM also criticised the Welsh government for the uncertainty they had inflicted on the Welsh Ambulance Service by failing to confirm their budget for this financial year until the 2 November.
Ceredigion AM Elin Jones agreed with her sentiments as she stressed how "most public services would be in panic if the budget hasn't been agreed by 2 April, not 2 November".
Ms Williams blamed the budget uncertainty on the Welsh Ambulance's failure to reach the all-Wales target of responding to 65% of immediately life-threatening calls it receives within eight minutes.
"These eight minutes would probably feel like eight years for the people waiting for the ambulance," she argued.
Conservative health spokesperson Darren Millar AM congratulated the work of the Air Ambulance Service which is fully funded by donations as he called on the Welsh government to financially support the invaluable service.
Responding to the debate, the minister argued that the Welsh Ambulance Service budget was agreed at the beginning of this year and that it was the in year adjustments, not the substantial budget, which were still being discussed.
The motion as amended was agreed.
Read this in Welsh.