I do a lot of live speech recording that requires me to quickly jump back and then transcribe a particular piece of the audio, then go back to recording again, while still maintaining the full audio file.

So Far I've done this by splitting the audio and running one line to a recorder (for the whole audio), and one to my computer. Then I use something like Audacity to record, and then stop/go back whenever I hear something worth transcribing.

This requires me to stop the recording, then start it up again and I end up missing chunks of the speech I'm listening to.

Is there a tool that would let me rewind, then listen again and continue listening at a buffered distance from the audio recording, the way Tivo does with television shows?