It is perfectly possible to build a DAC without a internal clock. This is called NOS (Non oversampling)
It is driven by the rate of the incoming bit stream.
The moment you want oversampling you need a clock to generate this higher sampling rate.
Inherent to the DA is that higher-frequency multiples of the audible range are created, the so called aliases. In case of CD audio, the sampling rate is 44.1 kHz, the audible range is the half, so the first alias will start at 22.050 kHz.
To avoid having these aliases ruining your tweeter, in general a brick wall filter is applied. As it is very steep, all kind of artefacts are created like pre-ringing etc.
To solve this problem almost all DAC's today use oversampling.
Again aliases are generated but due to the oversampling (8 times) now the first one starts at 330 kHz
This allows for very smooth low pass filters or if you don't use one, it is probably outside the range of what your amp or tweeter can reproduce.
If you have a NOS but don't use a anti alias filter you won't hear the aliases as they are outside the audible range.
But you run the risk that you smell them one day as this high frequency content can ruin your tweeters.
http://www.thewelltemperedcomputer.com/KB/Sampling.htm
It is driven by the rate of the incoming bit stream.
The moment you want oversampling you need a clock to generate this higher sampling rate.
Inherent to the DA is that higher-frequency multiples of the audible range are created, the so called aliases. In case of CD audio, the sampling rate is 44.1 kHz, the audible range is the half, so the first alias will start at 22.050 kHz.
To avoid having these aliases ruining your tweeter, in general a brick wall filter is applied. As it is very steep, all kind of artefacts are created like pre-ringing etc.
To solve this problem almost all DAC's today use oversampling.
Again aliases are generated but due to the oversampling (8 times) now the first one starts at 330 kHz
This allows for very smooth low pass filters or if you don't use one, it is probably outside the range of what your amp or tweeter can reproduce.
If you have a NOS but don't use a anti alias filter you won't hear the aliases as they are outside the audible range.
But you run the risk that you smell them one day as this high frequency content can ruin your tweeters.
http://www.thewelltemperedcomputer.com/KB/Sampling.htm