utility for converting files to and from FLAC (.flac/.ogg), Monkey's Audio (.ape), Wavpack (.wv), TTA (.tta), Apple Lossless (.m4a), AIFF, WAV. Files can be multichannel if supported by file format.
You don't have to spend a lot of money to build a useful Mac software library. I've grouped freeware and Open Source software into three categories. I call the first category Favorites. These are applications and utilities that I find I use frequently for