Why subtitle an audio file
It may seem unusual until the need arises: a podcast that will also be published as video, a radio interview someone will edit with images, a talk recorded in audio only that will later get a still image. In all three cases, you have an audio file and need an SRT.
The result is equivalent to what you'd get with video, since timings are calculated against the sound rather than the picture. When combined with an image later, subtitles synchronise automatically, as long as the audio hasn't been trimmed in between.