The Dáil Public Accounts Committee (PAC) has declared it intends to play an "active oversight role" in relation to the operation of the National Asset Management Agency (Nama).
The PAC, which met today, has also pledged to investigate the failure of regulation in the State's banking sector.
In a statement released tonight, committee chairman Bernard Allen said: "Nama is going to be a regular and recurring feature of the work of the PAC. It is not a question that we will be waiting for its first set of accounts which will not be signed off until late 2010. We are going to have an active oversight role on Nama almost from its inception.
"If the Nama legislation is passed, we envisage receiving an interim report at an early stage which will examine the structures, system and strategies that are in place to deal with the loans that are being taken over by the State," he said.
Referring to banking regulation, Mr Allen said said the Comptroller and Auditor General will draw up a report in the Autumn that will examine what went wrong with regulation in Ireland, and the regulatory steps that need to be introduced.
"In particular, we will want to examine how the IMF, the UK and the EU approach to regulation differs from ours. I feel this must be the starting point to any examination of the banking sector," he said.
Mr Allen also said the committee would be focusing over the coming year on several key areas including the operations at Fás, the implementation of the new medical consultants' contract, and procurement in the Irish Prison Service.