iPad FCP and AVCHD .mts files

I know that the Mac version of FCP supports AVCHD .mts files and am wondering of the iPad version does? If not is there a utility that runs on the iPad that will convert the .mts files to .mov files? I thought that VLC for the iPad would be able to do it but it does not have the conversion function like the Mac version does, it is just the player section.