The filmmaker, 73, will receive the accolade from members of the legendary New York comedy venue on 21 September (16).

The ceremony will not be conducted at the club's premises, instead taking place at the city's Cipriani Wall Street restaurant.

Scorsese may be best known for his gritty crime films such as Goodfellas, Mean Streets and Taxi Driver, however one of his most acclaimed movies is his 1983 collaboration with Robert DeNiro, The King of Comedy.

The satirical thriller saw Robert play Rupert Pupkin, an aspiring comedian who kidnaps his idol, funnyman Jerry Langford, played by real-life comedy star Jerry Lewis.

Speaking to the New York Daily News about the club's plan to honour Scorsese, Jerry, the Friars Club's abbot (ceremonial leader), says, “Marty may have directed me in ‘The King of Comedy,’ but to me, he's the real king, I humbly congratulate this icon and thank him for all of his groundbreaking efforts in entertainment and his dedication to helping others.”

Although The King of Comedy bombed at the box office and received mixed reviews upon its initial release, it is now regarded as one of Scorsese' best films, and in 2008 editors at U.K. movie magazine Empire ranked it as one of their top 100 movies of all time.

The director joins De Niro in being honoured by the Friars Club, the Raging Bull star is one of the six previous recipients of the Icon Award.

Others members of the 112 year old club deemed worthy of the accolade are Cary Grant, Frank Sinatra, Tom Cruise and the crooner Tony Bennett, who received his Icon Award last week (beg19Jun16).