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Think you might be onto something with the edit audio - when I click on it leads to Audiodirector which is greyed out. That means I cant do anything with the audio unless I get the programme. Is it an add on to PD14 or should I already have it?
WaveEditor was standard offering, AudioDirector was a bundled package depending on what PD14 you bought. It was included with "Director Suite" or "Ultimate Suite" products but nothing lower than that. So if you simple bought PD14 "Ultimate", "Ultra", "Deluxe", you didn't get AudioDirector. With some sale type offerings it may have been included too.
What version of PD14 do you have, click PowerDirector in upper right had corner and post the entire screen. It could be that your m2ts files have Dobly Audio and your version of PD14 does not support that audio stream.
Jeff