The Advanced Authoring Format (AAF) is a professional file interchange format designed for the video post-production and authoring environment. It was created by the Advanced Media Workflow Association. The AMWA develops specifications and technologies to facilitate the deployment and operation of efficient media workflows, working closely with standards bodies like the SMPTE.
This format was originally created as an alternative to mp3. The idea was to achieve a small file size with better sound quality. The first versions weren’t quite successful, but with the development of AAC, it became possible to store sound with less loss of quality, and with the same file sizes as that of mp3.