Disclosed is a method and system which efficiently and accurately identifies an acoustic wedge by as simple as pressing a button to execute a command for a phased array inspection system, once the wedge is engaged with the system. It is based on the approach to use the time of flight that ultrasonic signals travel in the wedge to measure and calculate critical parameters, such as the wedge acoustic velocity, the wedge or incident angle and the height of the first element of the associated phased array probe above the base of the wedge.