Yes (with a couple of restrictions).
When the system is not armed
You can clear a faulted sensor with the Bypass option.
- Display the Sensors menu
- Locate the sensor causing the alert
- Press the Bypass icon.
When the system IS ARMED
Disarming the system also silences audible alarms and sensor alerts(except for Fire and Carbon Monoxide alarms).
- Press the DISARM button. You may be required to enter a user code.