But millennials are not alone in finding compliance efforts by companies to be a ball of confusion.
Fordham said that while 93 percent of respondents felt that a robust compliance structure was key in deciding on an employer, 85 percent of them do not understand the policies in place, calling it "a wake up call for businesses."
Although more compliance policies and processes have been put in place over the past three years, the expanding investment in corporate compliance has not paid off, with an alarming 69 percent of respondents saying they have concerns about company misconduct.
He called for an overhaul in attitude towards tackling this lack of ethical conduct, "management needs to invest time and effort now to ensure that the level of understanding from the manuals is increasing if they want to ensure sustainability of their workforce," such as through creating simple and specific policies.
Correction: This article was updated to correct the name of EY's Fraud Investigation and Dispute Services.