"We have launched an investigation into the incident.
We will explore how to proceed and what consequences this will have according to our statutes and our code of conduct ", the academy writes in a statement according to AFP.
Chris Rock has not registered yet
Los Angeles police have announced that they are "aware" of the incident, but that Chris Rock did not want to make a police report.
"If the individual involved wants to report at a later time, the police will be able to make a complete police report," it is stated in a statement.
See the background to Will Smith's actions in the video below.
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The joke that made Will Smith look red - here is the background to the bang at the Oscars.
Photo: AMPAS