The client audio library panel shows the audio clips that reside in the repository on the client.
This panel exists mainly for debugging purposes. When the client connects to the server, all applicable components in the server's repository are sent to the client, so the audios in this repository should match what you see on the server.
The checkbox at the top of the panel toggles whether or not core audio clips are displayed in the table.
Buttons at the bottom of the panel provide the following function:
The client audio clip library panel is a sub panel of the client component library panel.