Rock and Morgan will join Arrested Development's Will Arnett, Bridesmaids' Maya Rudolph and Adam Scott to honour the very best in comedy at the annual gala, Comedy Central has announced.
Tina Fey, Kristen Wiig and the cast of Bridesmaids, Chevy Chase, Amy Poehler and Louis CK will appear on The Comedy Awards as well.
Jon Stewart will personally give the Johnny Carson Award to legendary insult comic Don Rickles and Robin Williams is to receive the Stand-Up Icon prize.
Bridesmaids, Woody Allen's Midnight in Paris and Crazy, Stupid, Love lead this year's Comedy Awards movies nominees.
30 Rock, Saturday Night Live and Modern Family have been recognised in the television categories.
The second annual Comedy Awards will be taped at New York City's Hammerstein Ballroom on April 28, 2012. The awards show will then air on Comedy Central on May 6 at 9/8c.
> The Comedy Awards 2012: Nominations in full
Watch a special look at last year's Comedy Awards below (US only):