Home Minister Sushilkumar Shinde today said the inquiry was ordered against AAP after receiving several complaints.
He, however, said such a probe takes time and indicated that the outcome of the probe may not come before the Delhi polls.
"AAP welcomes Union Home Minister's statement regarding probe into AAP funds. We welcome any authority to come and check our accounts because this is the new, transparent and honest politics that AAP is preaching and practising," the AAP said in a statement.
"We feel that alongwith AAP, there should be a probe into funds of all political parties of the country and if corruption is found in any of them, then their leaders should be sent to jail," it said.
The party, which has collected around Rs 19 crore till date as donations from 63,000 people including a host of NRIs, has been under attack from Congress and BJP over foreign funding.
"We have record of every rupee we have got and we are confident that we have not broken any law anywhere. As far as the question of foreign funding is concerned, all the funds that AAP has got from foreign are from people who hold Indian passport.
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