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.
is the most common format for storing audio. Almost any player on any platform can open mp3 files. The audio is compressed with loss of quality, but the loss is negligible for the typical user, and the file size is usually less than that of the original files.