In an ideal world, yes, at least to a certain extent. How many times has the security of entire phones been compromised because of an app?
Obviously software written for use in medical devices and banking systems should be held to a higher standard, but the same can be said for other licensed professions. A plumber installing a fire suppression system in a 50 story high-rise would similarly have their work held to a higher standard than someone setting up a rain barrel for their garden.
Personally I find the quality and vetting process of software designed to be installed on the same device that most people use to manage their online banking and carry on their most intimate conversations (often using said software) to be so low as to be considered criminally negligent by the standards of any other respectably industry.