Method for nondestructive and noncontact detection of faults in a test piece, with a transmitter coil arrangement with at least one transmitter coil that transmits periodic electromagnetical AC fields to a test piece, a receiver coil arrangement with at least one receiver coil for detecting a periodic electrical signal having a carrier oscillation whose amplitude and/or phase is modulated by a fault in the test piece. A signal processing unit produces a useful signal from the receiver coil signal, and an evaluation unit evaluates the useful signal to detect a fault in the test piece. A self-test unit undertakes systematic quantitative checking of signal processing functions of the signal processing unit and/or of the transmitter coil arrangement and/or of the receiver coil arrangement and/or upon external request undertakes calibration of the signal processing unit using a calibration standard which replaces the transmitter coil arrangement and/or of the receiver coil arrangement.