Chris Rock has said he is “still processing” his altercation with Will Smith at this year’s Oscars but will talk about it “at some point”.

The comedian referenced the incident at a stand-up show and promised that when he did comment officially it would be “serious and funny”.

Following a joke about Smith’s wife, Jada Pinkett Smith, and her hair loss, Smith took to the stage and slapped the comedian across the face.

Addressing audiences at the top of his show in Boston, Rock said: “How was your weekend?

“I don’t have a bunch of s*** about what happened, so if you came to hear that, I have a whole show I wrote before this weekend.

“I’m still kind of processing what happened.

“So, at some point I’ll talk about that s***. And it will be serious and funny.”

Rock was reportedly given a standing ovation by his audience before kicking off his set.

This comes as the Academy has revealed that Smith was asked to leave the event after the incident, however, he refused.

The organisation said the best actor winner’s actions were “shocking” and “traumatic” to witness live on television as it apologised to Rock, praising his “resilience in that moment”.

Later Smith returned to the stage to accept his award for best actor for his performance in King Richard. He gave an emotional speech about the importance of protecting family.

“Things unfolded in a way we could not have anticipated,” the Academy said in a statement.

“While we would like to clarify that Mr Smith was asked to leave the ceremony and refused, we also recognise we could have handled the situation differently.”

“Mr Smith’s actions at the 94th Oscars were a deeply shocking, traumatic event to witness in-person and on television,” the academy said.

“Mr Rock, we apologise to you for what you experienced on our stage and thank you for your resilience in that moment.

“We also apologise to our nominees, guests and viewers for what transpired during what should have been a celebratory event.”

A formal review into the incident has been launched to discuss what disciplinary measures will be taken, and Smith will reportedly be given the chance to provide a written defence.

The Academy said disciplinary action for Smith could include suspension, expulsion or other sanctions.

The actor apologised to The Academy and his fellow nominees during his acceptance speech following his win, and later to Rock on social media.

In a statement posted to Instagram he admitted he had reacted “emotionally” to the joke, but “violence in all its forms is poisonous and destructive”.

He wrote: "I would like to publicly apologize to you, Chris. I was out of line and I was wrong. 

"I am embarrassed and my actions were not indicative of the man I want to be. There is no place for violence in a world of love and kindness. "

Pinkett Smith also called for a “season of healing” following the incident.

Smith’s behaviour has been heavily criticised by his Hollywood contemporaries, including Oscars’ so-host Wanda Sykes.

Speaking on the Ellen DeGeneres show, the actress and comedian said she was “still traumatised” and felt disappointed by the way the show had handled the “sickening” incident.

She also praised Rock’s response after the altercation, revealing he had approached her to apologise about the incident because he knew it would overshadow her presenting efforts alongside Amy Schumer and Regina Hall.

“I just felt so awful for my friend Chris. It was sickening, absolutely sickening. I physically felt ill and I’m still a little traumatised by it,” she said.

“And for them to let him stay in that room and enjoy the rest of the show and accept his award, I was like, ‘How gross is this? This is just the wrong message’.”

“You assault somebody, you get escorted out the building and that’s it. But for them to let him continue, I thought was gross.”

Comedian Jim Carrey calling the Oscars audience “spineless” for applauding Smith’s win following his behaviour.