In a transmission system of an audio signal etc., circuit enlargement is suppressed and deterioration of transmitting signal is reduced. A transmission system including a transmitting apparatus including a first delta-sigma modulator outputting first multi-bit delta-sigma modulated signals of three or more bits and a first code modulator code-modulating first signals of two or more bits located in bit positions higher than a predetermined bit position of the first multi-bit delta-sigma modulated signals based on at least part of a second signal located in one or more bit positions not higher than the predetermined bit position and outputting a plurality of modulated signals; a transmission path transmitting the second signal and the plurality of modulated signals; and a receiving apparatus including a first demodulator demodulating the plurality of the received modulated signals based on at least part of the received second signal is provided.