Unfortunately, there isn't really anything out there on the Mac that is equivilant to EAC. The closest thing that I am aware of is an old command-line utility called cdda2wav that uses something called Paranoia for error correction. There are a few different GUI front-ends for this utility, one of the more popular being xACT:
http://www.versiontracker.com/dyn/moreinfo/macosx/21952
However, cdda2wav and Paranoia are useless for error correction if the CD drive operates with any cache. Because virtually every modern CD drive (and all of the optical drives that Apple uses, AFAIK) does indeed cache, there is really little point in using xACT for ripping. iTunes' error correction is pretty much the best we have at the moment.