Disclosed are systems and methods for processing an audio signal. In particular, there is provided a method for determining dynamic gain values to be applied on a digital input signal. The digital signal may be arranged in blocks. The dynamic gain values may be used for attenuating input signal values exceeding a clipping threshold. More particularly, the method comprising, for each signal block, passing backwards over the next signal block and the current signal block to produce a preliminary gain contour from the input signal; and passing forwards over the current signal block to produce a final gain contour for the current signal block based on the preliminary gain contour, wherein the gain contours are produced by applying an instant gain ascent and a smooth gain decay to the gain contours.