Oracle Governance, Risk and Compliance is a set of products that regulate activity in Oracle E-Business Suite, PeopleSoft Enterprise, and Oracle Fusion Applications:
Oracle Enterprise Governance Risk and Compliance Manager (EGRCM) consists of modules in which users manage an organization's governance, risk, and compliance objectives. Within each module, users may define risks to an organization's business, controls to mitigate the risks, and other objects (such as the process in which analysis takes place).
Oracle Enterprise Governance, Risk and Compliance Controls (EGRCC) comprises two components. In each, users create models and controls that define risks a company may face. Oracle Enterprise Transaction Controls Governor detects whether transactions display evidence of error, fraud, or other risk. Oracle Application Access Controls Governor defines conflicts among duties that can be assigned in a company's applications, and identifies users with access to conflicting duties.
Oracle Fusion Application Access Controls Governor (FAACG) is a specialized installation of EGRCC that enables it to apply access models and controls within Oracle Fusion Applications.