An integrated circuit audio processor having an internal-oscillator generated intermediate frequency reference provides for operation of an audio processor without requiring an external master clock. Input audio streams are sample-rate converted to an intermediate sample rate derived from the internal oscillator, which may be an LC oscillator. One or more output audio streams are generated from the one or more input audio streams at the intermediate sample rate and are converted from the intermediate sample rate to corresponding output sample rates. A divider generates the intermediate sample rate from the oscillator output, and is programmed to control the intermediate sample rate to ensure that the intermediate sample rate is in the proper range for operation of the integrated circuit. The divider can be programmed to accommodate changes in process, voltage and/or temperature of the IC, so that the intermediate sample rate is maintained near an expected frequency.