All,
I've been having a issue which may be related to what some of you are experiencing. I have 6 different Mac's, and just realized that since updating to El Capitan, I am unable to see Audio CD's on any of the Mac's (The Finder does not show it mounted, and iTunes cannot access it). I have been working with Apple Support, and we believe it is a conflict with some 3rd part driver or program I have installed, but I have not been able to narrow it down. Apple has suggested a clean install, however, I haven't had time to try that on any of the machines yet.
What I have done is booted in Recovery mode, and the Audio CD is mounted, I can see it from the terminal if I "ls /Volumes". This does tend to confirm it may be a conflict with a driver or app I have installed.
I have found a workaround. If I disable System Integrity Protection (you need to do this from Recovery mode, and I would recommend Googling how to do it, as you should understand what you are turning on/off when you do it), my Audio CD's mount in normal boot mode, and are visible in iTunes. As I only rip CD's every couple of months, this workaround works for me. You could leave SIP off, but I would recommend reading to understand what that means, and what other consequences it might have.
If I get time to find out what the program or driver that is causing the conflict is, I will post that here as well.