Audacity - Audacity is a free and open-source audio production software suite that includes a surprising array of editing tools and recording systems.
Acoustica - Acoustica is an audio editing tool for editing, mastering and restoration work on both Mac and PC.
GarageBand - GarageBand is a fully equipped music creation studio for Mac
AVS Audio Editor - AVS Audio Editor enables user to apply various effects and filters like cut, join, trim, mix, delete parts, split audio files.
WavePad - This audio editing software is a full-featured professional audio and music editor for Windows and Mac.
FL Studio - Image-Line's FL Studio, now on it's 12th version, is a well-known music production suite and the most popular beat processor on the market, due no doubt to its longevity. Read more about FL Studio.