I am getting more than a little sick of this iPhone SDK and its documentation...
I am calling AudioConverterNew
in the documentation under Returns: it says \
I recently ran across another approach: the macerror command. Print out the OSStatus value as a signed integer. Then in a terminal window (on your Mac, not your iDevice!) type for example macerror -50. It will respond with a brief description. Obviously this is only helpful for you, during development.