The Bonnie and Clyde actors rehearsed the moment in advance of Monday's Academy Awards ceremony at the Dolby Theater Friday afternoon, TMZ first reported.
Last year, Beatty handed his "Bonnie and Clyde" co-star the envelope to read that the victor was ...
After the incorrect announcement that La La Land had won Best Picture, the on-stage revelry of the film's cast and crew ground to a halt once it was revealed that Moonlight had actually won the award.
The cast and crew of La La Land welcome those of Moonlight to the stage after the latter was announced as the victor.
It was a cluster when "La La Land" producers on stage realized they didn't win. That's why I took such a long look at Faye and at you. Moonlight, you guys won best picture. "This is not a joke".
Dunaway then ran off the stage, leaving a bewildered Beatty behind.
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"The presenters had mistakenly been given the wrong category envelope and when discovered, was immediately corrected", a PricewaterhouseCoopers statement read at the time. The 77-year-old Oscar-winning actress said La La Land's name - after Beatty passed her the envelope in confusion.
Accounting firm Pricewaterhouse Coopers was responsible for envelope mixup, and the firm has put new protocols into place to prevent further mistakes. Not only did he handle this so graciously - and I'm not sure everybody would have in this situation - but he gave us the opportunity to get that shot.
The pair reportedly attended a rehearsal yesterday, going through their lines twice.
Dunaway, meanwhile, said of the incident in April 2017 on NBC Nightly News: "I was very guilty, I could have done something surely".
"We are more aware that unexpected moments can happen on a live show", Todd told People.