To some degree, maybe, but not when there's forced induction. With a turbo the boost pressure is usually the limit. Turbos were developed for aircraft engines in order to overcome thinner air.
And a lot of carmakers don't approve the use of lower than 87 AKI at all any more, regardless of altitude. I had a look at the one for my wife's Civic, and that's actually 86, but no mention of altitude. The other thing at high altitude is that if it's OK, it just won't destroy the engine, but in general naturally aspirated engines lose power. With forced induction, it still loses power, but not as much since the maximum boost pressure will be the same. This suggests that for specialty racing applications (like the Pikes Peak Hill Climb), an ECU can be programmed to increase boost with higher elevation. Not sure how that works though.
A naturally aspirated combustion engine will lose 3% of its power for every 1,000 ft of elevation gain. Add a Garrett turbocharger to minimize the loss
www.garrettmotion.com