I work in Final Cut Studio 2 and every time I send a project over to a Audio House for Sound sweeting they request a OMF file and sometimes a low res version of the video. The OMF file lets the Audio Engineer work with all of my layers in Pro Tools.
As for Color Correction I’ve only had film color corrected, if it’s the same processes you can come in and make sure the colors are the way you want them…we use a company in a different state so that’s not an option. We tell them what we want and then they e-mail us still grabs of so we can make sure it’s what we want before they do the final Color Correction. Hope this helps.
Stephen Smith
Lone Peak Producitons
Check out my DVD Money Making Graphics & Effects for Final Cut Studio 2