Shocking report? Exactly (4)
I believe the answer is:
bang
This might be a double definition.
'shocking report?' is the first definition.
'bang' can be an answer for 'report?' (report can mean a loud noise). I'm unsure of the 'shocking' bit.
'exactly' is the second definition.
(thesaurus)
Can you help me to learn more?
(Other definitions for bang that I've seen before include "hit" , "Sudden loud noise like an explosion" , "Completely modern" , "Sound of explosion" , "Hairstyle" .)