Cheryl Boone Isaacs said that the relationship with the accountancy company PriceWaterhouseCoopers (PWC) was also under review.
Brian Cullinan and Martha Ruiz were responsible for the Oscars’s mishap.
La La Land musical was mistakenly announced as the winner of the best picture award.
The team behind the movie was in the middle of their speeches before it was revealed the accolade should have gone to Moonlight.
The moment has been described as the biggest mistake in 89 years of Academy Awards history.
Brian Cullinan mistakenly handed the wrong envelope to the two presenters.
He gave Warren Beatty and Faye Dunaway the back-up envelope for best actress in a leading role – rather than the envelope which contained the name of the winner for the best picture.
PWC, which counts the votes and organizes the envelopes, has apologized for the mix-up.
Brian Cullinan tweeted a picture of best actress winner Emma Stone minutes before handing the presenters the wrong envelope, and Cheryl Boone Isaacs blamed “distraction” for the error.
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