Tiny bit in audiotape (4)
I believe the answer is:
iota
'tiny bit' is the definition.
(an iota is a tiny piece)
'in audiotape' is the wordplay.
'in' indicates a hidden word.
'IOTA' is hidden in the letters of 'audiotape'.
(Other definitions for iota that I've seen before include "little part" , "A little piece" , "Hint" , "Contrivance" , "Jot or tittle" .)