Verbatim transcription means the typing out of every word as well as sound as it is being said or has been recorded and requires a keen ear, giving attention to the details of the words as well as the sounds.
There are two types of transcriptions that are does in verbatim transcription. The first is true verbatim, where transcripting of the the recorded audio is done as it is without any changes or without leaving out anything while the second is where you do intelligent verbatim, where the transcripting is done without taking in the background noise
While doing any kind of verbatim transcription, it is required that one, in order to avoid paraphrasing , does a double checking of the transcripts and as such hiring skilled transcriptionists is very important.