In iTunes, you can change the encoding (file formats such as aac, mp3, wav, etc.) and sound quality (bit rate) when reading CDs as you like, so here we will see how to do that.
iTunes - Choose what happens when you insert a CD (Settings)
iTunes - CD import settings
AAC Encoder AIFF Encoder Apple Lossless Encoder MP3 Encoder WAV Encoder
High Quality iTunes Plus Audio Podcasts
Stereo bitrate Sample rate Channel …… etc.
Use error correction when reading audio CDs Use this option if you have problems with the sound quality of audio CDs. However, loading speed may decrease.