A lossless audio coding and/or decoding method and apparatus are provided. The coding method includes: mapping the audio signal in the frequency domain having an integer value into a bit-plane signal with respect to the frequency; obtaining a most significant bit and a Golomb parameter for each bit-plane; selecting a binary sample on a bit-plane to be coded in the order from the most significant bit to the least significant bit and from a lower frequency component to a higher frequency component; calculating the context of the selected binary sample by using significances of already coded bit-planes for each of a plurality of frequency lines existing in the vicinity of a frequency line to which the selected binary sample belongs; selecting a probability model by using the obtained Golomb parameter and the calculated contexts; and lossless-coding the binary sample by using the selected probability model. According to the method and apparatus, a compression ratio better than that of the bit-plane Golomb code (BPGC) is provided through context-based coding method having optimal performance.