I was searching for the same thing, and here is the answer I found:
"Exact Audio Copy is good. A little slower than most, but it makes error-free rips.
http://www.exactaudiocopy.de/
posted by nixxon at 6:56 PM on April 19, 2004
Download Exact Audio Copier, then download LAME and use LAME as your MP3 encoder. This is easy and EAC will even search your hard drive for LAME after youve installed it.
This is regarded by many circles as the most correct and standard way of copying your music to Mp3 format, or just about any other format you have in Codec form on your computer (Like Wave files, etcetera).
Look on Google for both programs. EAC will also burn Cds.
posted by Keyser Soze at 6:57 PM on April 19, 2004
Note: LAME is a codec, that is, something that makes one thing another. What I mean exactly is turning CD-Audio into MP3 Audio. LAME is open licensed software, legal, and the most well made encoder for Mp3, ever. Do yourself and anyone who copies from you a favor: 192k at least.
posted by Keyser Soze at 6:59 PM on April 19, 2004
http://www.mp3-tech.org/software/encoders/lamewin32.exe
posted by Keyser Soze at 7:02 PM on April 19, 2004
I think the question's been asked three times so far. Unfortunately, Google's index of Ask is both incomplete and difficult to use because of the lack of page titles.
The answer in every one of those threads was CDex, although there are people who prefer EAC. Both offer roughly the same functionality, including "paranoia" mode ripping, but if I remember correctly, EAC doesn't have the handy built-in hooks to LAME and Vorbis (or rather, comes with LAME and Vorbis encoders built in) like CDex does.
In general, I'd consider CDex the better choice for most uses, such as "please rip, tag, and encode this with one click."
I've seen some weirdness with it using SCSI drives in the past, like my trusty UltraPlex 40, but versions in the last year or so seem to work just fine.
posted by majick at 7:23 PM on April 19, 2004"
I haven't tried either CDex or EAC, but I think I'm going to go with CDex first.